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.
For the full story, see the April 2015 edition of Textiles South East Asia. Not a subscriber? Sign up HERE