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Related Keywords: improve competitiveness, Indonesia apparel and clothing accessories, Indonesian government, industrialization effort, labour intensive industry, local businesses, no import tariff, planning to ease import procedures, regional competitors like Vietnam, TPT industry, TPT raw material

The Indonesian Government is planning to ease import procedures to improve the competitiveness of local businesses with regional competitors like Vietnam, which has no import tariff, as opposed to Indonesia’s fees of 5-20 percent.

President Joko “Jokowi” Widodo instructed the relevant ministries for the same in a limited Cabinet meeting. He said that the import procedures must be simplified for Textile and textile product (TPT) raw materials to lift the burden off businesses

Jokowi said the TPT industry was in need of immediate revitalization to push further industrialization.

Related Keywords: boost Make in India campaign, cotton, generate empoloyment, labour intensive industry, mega textile cluster, Mysuru known for sericulture, National vendors meet, printing cluster, silk, special purpose vehicle, to take shape

The textile cluster move, which was mooted in the Union Budget 2014-15, was announced by Pratap Simha, Mysuru MP, at the National Vendors’ Meet which began in the city on Saturday. The project will receive Rs. 50 crore by way of central grant and an additional 25 acres of land is being identified for expansion of the cluster.

A Special Purpose Vehicle (SPV) will be registered under the Companies Act for its implementation and funding.