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Indonesia plans to allocate Rp 100bn to revitalize old machines includes textiles

Related Keywords: achieve industry wide growth, allocates fund, in textiles, Indonesian Industry Ministry, Indonesian Textile Association, register for program, revitalization program, revitalize old machinery, Saleh Husin, stimulate investment, top incentive strategies

Indonesian Industry Ministry Saleh Husin has put the revitalization program on top incentive strategies for achieving the industry wide growth target of 300 percent by 2019 for which the Ministry plans to allocate Rp 100 billion (US$7.9 million) from its 2015 budget to finance an annual program to revitalize old machinery in the textiles, leather-working and footwear industries in an effort to develop these fields and stimulate more investments.

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