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Indonesia encourages its textile industries for product diversification

Related Keywords: current development of market demand for raw material, develop or diversify products, diversification is a strategic move, encouraging textile industries order, fashion needs, fashion products is relatively high, Indonesian Industry Ministry, raw materials are imported, Saleh Husin

Indonesian Industry Ministry, Saleh Husin is encouraging its textile industries order to develop or diversify products for fashion needs. In a press release on Saturday, Industry Minister said that diversification is a strategic move because of the current development of the market demand for raw material for fashion products is relatively high.

Unfortunately, he added that most of the raw materials are imported.

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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