Indonesian Textile Industries Call for MacHinery Upgrading
Asia Pulse via Yahoo! Asia News
JAKARTA, Feb 23 Asia Pulse – As many as 300 textile and garment industries have urged the relevant authorities to have the machinery of their factories restructured to boost their productivity and their competitiveness on the domestic and export market.
“Sucofindo has identified 300 textile and garment industries which are in need of at least USD300 million to USD400 million for the restructuring,” Director General of the Textile, Mechinery, and Multifarious Metal Industries at the Industry Ministry Anshari Bukhari said here on Wednesday.
This is actually a follow up to an agreement between Bank Indonesia as the central bank and the Industry Ministry aimed at identifying textile and garment industries in need of restructuring funded by national banks.
According to him, there were many reasons why some textile and garment industries were not ready for a restructurization. “Some companies see it not as an urgent need because they have no intention to develop their industries, while the others feel they have already conducted the maintenance of their machinery, and therefore a restructurization is not necessary.”
“Only those wishing to have their machinery restructured later asked Bank Indonesia for assistance. But the assistance does not depend on the bank’s appraisal on their eligibility for an assistance,” he said.
(ANTARA)
