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Related Keywords: BKPM, improve the locals income, improving foreign exchange earnings from exports, inaugurated spinning mill facility, Indonesia’s biggest producer of textile raw materials, Indorama Synthetics, New investment in textile, ninth plant, Purwakarta, reduce unemployment, textile products industry, textile raw material, USD 40 million, West Java

Indorama Synthetics, Indonesia’s biggest producer of textile raw materials, inaugurated its $40 million spinning mill facility in Purwakarta, West Java which is situated on a 50 hectare plot land that has been owned by Indorama since 1997on Wednesday, said the country’s Investment Coordinating Board (BKPM).

Related Keywords: BKPM, dedicated to solving problems faced to invest in textile, eight plan to reduce production, existence of interlocking regulations, five plan to stop their businesses, hinder the realization of the investment, launched special desk, received report thirteen companies faced promblems, The Investment Coordinating Board

The Investment Coordinating Board (BKPM) having received reports that 13 textile companies face problems, eight of which plan to reduce production and five others plan to stop their businesses decided to establish a special desk dedicated to solving problems faced by those who want to invest in textiles and footwear.

The special desk was launched on Friday, it is part of BKPM's effort to keep textile investments competitive so that there are a large number of jobs. This special desk is intended to help investors who are facing problems, so that layoffs can be prevented.

Related Keywords: BKPM, garment industry, Indonesian government plan to apply tax allowance, Investment Coordinating Board, labour intensive industries, textile business community

Indonesian government is planning to apply existing tax allowances to labour-intensive industries that includes garment industry in an effort to reach its 2-million-a-year job-creation target. However, at the moment the allowance applies to just 129 business sectors, ranging from plantations to real estate.