Indonesia is Set to Revitalize Its Industry of Textile Machines

According to TempoInteractive.Com, the Government of Indonesia will offer stimulus funds to textile entrepreneurs in the country to upgrade their existing machines.

The Industry Ministry has allocated Rp172 billion to revitalize machines used to produce textiles, footwear and leather this year. The revitalization process will be achieved by offering stimulus funds to businessmen to restructure their machines.

Textile Industry director Ramon Bangun said that 200 industries in Central Java could benefit from the stimulus fund. “There are 60 industries in Surakarta”, said Ramon yesterday.

Mr. Bangun said efficiency and production capacity of textile manufacturing units could be greatly enhanced, if the stimulus fund is utilized suitably.

He added that the increase in production capacity would make the firms more competitive and also create new employment opportunities.

He estimated that the textile and garment sectors could together absorb about 13,000 persons during the current year.

In Indonesia, there are 2,000 companies in the textile, footwear and leather sectors.
Indonesia is also one of the main outsourcing destinations for European and American industrial companies.

Source: http://www.tempointeractive.com