Amidst a decline in investment in Indonesia's textile sector, foreign investors from South Korea and Taiwan continue to demonstrate their commitment to the industry. According to Ignatius Warsito, Director General of the Chemical, Pharmaceutical, and Textile Industry (IKFT) at the Ministry of Industry, foreign direct investment (FDI) dominated over domestic investment (PMDN) in the first quarter of 2023. 

Warsito stated, "In the first quarter of 2023, FDI in textile investment will actually increase," adding further credibility to the industry's foreign appeal. Investment data obtained from the Investment Coordinating Board's National Single Window for Investment (NSWI) website reveals that textile FDI during this period amounted to US$74.34 million, equivalent to IDR 1.10 trillion.

 This represents an 84.13 percent increase compared to the same period last year and an 81.49 percent increase from the previous quarter. Among the foreign investors, South Korea led the way, investing US$28.6 million in 125 textile projects, followed by Taiwan with US$13.96 million across 27 projects. 

India also contributed significantly with five projects totaling US$11.28 million. Despite the challenges faced by the Indonesian textile sector, other nations such as Hong Kong, Japan, and China also demonstrated interest, further diversifying the investment landscape.