Hanoi, Jan. 20 -- Indonesia plans to establish a new state-owned enterprise (SOE) focused on the textile and garment sector, a move aimed at strengthening the industry against external shocks, including US tariff risks and the flood of Chinese textile imports in recent years, reported The Business Times. Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto recently announced that the company will be directly managed by Danantara, the country's sovereign wealth fund, with an initial funding allocation of up to 6 billion USD. The funds will be directed towards capital equipment procurement, adoption of new technologies and export expansion initiatives. Airlangga said the government has outlined a comprehensive roadmap for ...