Indonesia Injected 110 Billion Rupee Revival Textile Machinery Industry

Indonesia's industry has allocated 110 billion rupees of funds to upgrade the machinery of 122 textile and textile units, accounting for about 75.8% of the total budget limit.

In the 142 signed aid agreements, textiles and

At present, only 20 companies do not receive cash injection because they have not been able to provide evidence of new machinery procurement in the budget.

Raymond Ba Wen of the Indonesia textile and other industry bureau of the Ministry of industry said the government allocated 145 billion rupees to support the revival of the textile machinery industry.

So far, the fund has allocated 110 billion rupees to help 122 companies update textile machinery.

Raymond believes that the machinery renewal plan is being maintained.

The use of underground water in the production process is effective.

However, the plan can not guarantee that the export of textiles will grow this year because of the downward trend in demand caused by the global economic downturn.

Since 2009, Indonesia's exports of textiles and footwear have grown at an average annual rate of 10%, but this year, Indonesia's exports may decline by 5-6% due to a 11% decline in world demand.

Next year, Raymond said the government reduced the allocation of new machinery to the textile machinery industry to 135 billion rupees, but this is only a proposal that has not yet been discussed in Congress.

Raymond believes that the establishment of the updated machinery plan is expected to increase the utilization ratio of textile and textile products factories and expand the share in the international market.

At present, Indonesia's share in the world textile market is about 2-3%, less than 42% of China's.

In the future, our

It may expand because China is shrinking.

We have to grab the share of Vietnam and Bangladesh.

Sutela Chet, chairman of the Indonesia Textile Association, said that only the mechanical renewal plan can effectively help the national textile industry to compete.

Therefore, Sutela Chet hopes that the budget allocation of the plan can be raised every year.