Indonesia Invested $20 Million To Resume Footwear And Leather Industry
Indonesia
The Ministry of industry allocated 177 billion rupiah (US $20 million 360 thousand) to a plan this year to restore the country's textile, footwear and leather industries.
Su Shanduo, director of the manufacturing industry bureau of the Ministry of industry, said
financial aid
It will be allocated to 150 textile companies and 20 shoe producing units and nitriding leather units so that they can update their old equipment.
"We hope that this can improve technology, and these companies will be more competitive in terms of productivity and efficiency," Su Shanduo said in a statement at the Ministry of industry's office.
He said that the better local production and production could be.
global market
Win a bigger share.
The data of Su Shan's citation indicate that the output of domestic textile products has risen sharply in recent years.
The annual consumption of textiles per person increased from 3.9 kg in 1999 to 4.5 kg in 2005 and 5.3 kg in 2008.
This year's consumption is estimated at 6.5 kilograms.
For example, Indonesia's share in the global textile export market is expected to rise from 1.8% this year to 2.5% in 2014.
The recovery plan for the textile industry was established in 2007, and a similar plan for footwear and leather industry was established in 2009.
According to the recovery plan, eligible companies will receive 10% of the total purchase value of new models.
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