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Related Keywords: 0Indonesian Industry Minister, Airlangga Hartarto, announced Chinese investor Jiangsu Dongqun Investment Holding Group Co., cooperate with local partners, development of textile industry, expressed intent to invest USD hundred million, Indonesian government, launched economic deregulation policies, Ltd, mulling over lowering, textile products

Indonesian Industry Minister Airlangga Hartarto in a press release in Jakarta, Tuesday, September 6, 2016 announced that Chinese investor Jiangsu Dongqun Investment Holding Group Co., Ltd has expressed its intent to invest US$100 million in the development of textile industry and textile products (TPT).

They certainly welcome Jiangsu Dongqun Investment Holding Group Co., Ltd’s intention to invest in Indonesia and has also offered some investment options for the company, such as Kendal Industrial Park, Central Java, boasting its vast area and skilled workforce.

Related Keywords: development of textile industry, Drawback of Local Taxes and Levies, exports picking up, federal government has already paid Rs three hundred million, given to textile industry every year for next five years, government of Sindh to allot land, Long Term Financing facility, release tax refund, Textile City to be established soon in Karachi

Federal Secretary for Textiles Ministry Amir M Khan Marwat addressing a meeting at the Federation House organized by the Standing Committee on Textile Apparel of the Federation of Pakistan Chambers of Commerce and Industry said that a Textile City to be established soon in Karachi on government of Sindh allotting land for which the federal government has already paid Rs. 300 million.

The government is doing its best for the development of textile industry as this is an important industry providing 40 percent industrial jobs and earning 60 percent foreign exchange.

Related Keywords: capital subsidy, demand separat State textile board, development of textile industry, effluent treatment plant, expansion of capacity, focussed approach, interest subsidy, separat textile policy, Tamil Nadu knitwear manufacturers, Tirupur knitwear cluster

Tamil Nadu knitwear manufacturers demand for a separate State Textile Board and also devise a separate textile policy. In a memorandum sent to Chief Minister O. Paneerselvam, the industrialists said that a Textiles Board, and a textile policy would help the government give a focused approach to the development of textile industry.