Jakarta, Jan. 14 -- Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto announced the plan to establish a new state-owned enterprise (SOE) in the textile sector.

This plan was directed by President Prabowo Subianto during a meeting in Hambalang, Bogor, West Java, on January 11, 2026.

According to Hartarto, the textile and garment industry is considered to be at the forefront of facing the risks of US tariff policies.

"We will establish a new SOE specifically for textiles. We will not revive (old textile companies)," the minister spoke at the Indonesian Business Council (IBC) Business Outlook 2026 event in Jakarta on Wednesday.

He explained that based on the results of the completed study, the plan will be followe...