January 15, 2026 | 08:26 pm
TEMPO.CO, Jakarta - Indonesia's sovereign wealth fund Danantara CEO Rosan Perkasa Roeslani claims the agency is ready to manage investments for businesses with low returns. "We are open to, for example, receiving investments that may have lower returns than our parameters if it creates more jobs," said Rosan in Jakarta on Thursday, January 15, 2026.
Rosan explained that Danantara conducts feasibility studies before managing investments, with standardized criteria, including job creation potential.
The remark came against the backdrop of President Prabowo Subianto's recent mandate to revive state-owned textile companies, with Danantara likely to channel US$6 billion into the project.
Rosan expressed his willingness to manage investments in textile SOEs, citing the various other state-owned companies that received capital, market, and offtaker revitalization.
"Especially if it's already included in the distressed asset already, we'll consider it. As long as we believe that we can turn around the company through complete overhaul," he said.
Three days after Prabowo convened with several of the Red and White cabinet ministers to discuss textile industry transformation, Coordinating Minister for Economic Affairs Airlangga Hartarto reported that the government will establish a new state-owned enterprise in the textile sector.
Airlangga said Prabowo's mandate was conveyed during a meeting in Hambalang, Bogor, West Java, on January 11, 2026.
Prabowo's directive came as the textile and garment industry is deemed the hardest-hit by U.S. tariff policy. Airlangga said the next step is to prepare a roadmap to strengthen the textile and textile product industry.
In support of this policy, the government is preparing to channel US$6 billion through Danantara, directed toward procurement of capital goods, implementation of new technology, and strengthening exports in the textile sector.
"A roadmap is drafted on how to increase our exports from US$4 billion to US$40 billion in 10 years, and how to deepen the value chain of the textile industry," he said, adding that value chain remained a challenge in Indonesia's textile industry.
The weakness is apparent particularly in yarn production, fabric, dyeing, printing, and finishing process. Airlangga hoped establishing a new textile SOE can drive modernization and development of the textile industry.
Read: Prabowo Pushes Textile Revamp, Chip Industry Drive
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