Indonesian Modest Fashion Reshaping Global Market Trends
Indonesian Modest Fashion Making Global Waves
Bank Indonesia has been at the forefront of promoting inclusive and sustainable economic growth, focusing on Islamic Economic and Financial Development Programs. This initiative highlights Indonesia's ambition to become a leading center for modest fashion. This vision aligns with Indonesia's goal to secure its position as a premier halal producer, as detailed in their comprehensive Halal Industry Masterplan.
Boosting Modest Fashion Exports
The export value for modest fashion products has shown significant growth. In a recent period, the figure hit USD 632.76 million, signifying an impressive annual increase. To enhance this progress, Bank Indonesia is collaborating with various stakeholders, including the Indonesian Ministry of Cooperatives and SMEs, the Indonesia Fashion Chamber, and the country's embassy in Paris. This united effort is particularly evident at the Indonesia International Modest Fashion Festival.
The Indonesia International Modest Fashion Festival
The festival is integrated with the global trade fair, Who's Next, held in Paris. This event showcases wastra-based fashion that embodies sustainable practices, positioning Indonesian designs on an international platform.
Highlighting Cultural Values through Fashion
Deputy Governor of Bank Indonesia, Juda Agung, emphasized the importance of modest fashion as a reflection of elegance, cultural pride, and dignity. This movement is not merely a trend, but a vital force contributing to Indonesia's standing in the global market. Impressively, the country has recently ranked third in the global modest fashion industry according to the State of the Global Islamic Economy report.
Future Outlook for Indonesian Modest Fashion
Bank Indonesia, along with strategic partners, aims to bolster the impact of the modest fashion industry as it continues to flourish across the globe. In a recent milestone, a collaborative agreement was signed between the IKRA Council and Printemps Paris, enhancing the visibility of Indonesian modest fashion products in one of the world's fashion capitals. This partnership aims to increase the accessibility of these unique products to an international audience.
Upcoming Highlights and Events
The IN2MF Paris is just a precursor to a more extensive event slated in Jakarta, coinciding with the upcoming Indonesia Sharia Economic Festival. The series of events throughout the year has seen successful editions in cities like Kuala Lumpur, Dubai, and Istanbul. Renowned Indonesian designers, such as Itang Yunaz, Wignyo, and Dian Pelangi, are also being featured prominently in these gatherings, showcasing the unique blend of tradition and modernity in Indonesian fashion.
Frequently Asked Questions
What is the significance of Bank Indonesia in modest fashion?
Bank Indonesia plays a crucial role in promoting sustainable growth in the modest fashion sector, aligning with the country's vision of becoming a global leader in this industry.
How much has the export value for modest fashion increased?
The export value reached USD 632.76 million, marking a 3.38% annual increase.
What events support the promotion of Indonesian fashion?
The Indonesia International Modest Fashion Festival (IN2MF) is a key event that showcases Indonesian modest fashion on a global stage, alongside major trade fairs.
Who are some notable Indonesian designers featured in international events?
Notable designers such as Itang Yunaz, Wignyo, and Dian Pelangi have represented Indonesian fashion in various international events.
What collaborations have been made to promote Indonesian fashion abroad?
Significant collaborations, like the one between IKRA Council and Printemps Paris, focus on elevating the visibility of Indonesian modest fashion products to the global market.
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