Indonesian Ministry earmarks funds to replace old machines


Indonesia’s Ministry of Industry plans to allocate IDR100bn (US$7.7m) from its 2015 budget to finance an annual programme to revitalise old machinery used in the textile, leather and footwear industries in an effort to develop these sectors and stimulate more investments.

According to Industry Minister Saleh Husin, the revitalisation programme is one of the Ministry’s key strategies for achieving an industry-wide growth target of 300% by 2019.

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