 ¡°Japanese textile machinery manufacturers have shown keen interest in investing in Indonesia¡±, said Ade Sudrajat, Chairman - Indonesian Textile Association (APE).
¡°Around 20 companies are planning to set up machinery production plants. These include producers of textile machinery across the textile value-chain¡±, he added.
¡°However, these investors are looking to receive incentives from the government as well as good infrastructure facilities before setting up the plants¡±, he informed.
Indonesia is currently in the process of refurbishing its textile industry, by investing in technologically advanced machinery, for which the government is providing various subsidies.
¡°But the major stumbling block is that, Japanese textile machineries are more expensive than their counterparts in other countries like China and Taiwan¡±, said an expert.
He added, Japanese machines though better in quality are 40 percent more costly than those available in China.
¡°Japanese textile machinery manufacturers will have to reduce their prices, otherwise the textile sector will prefer machines from China and other countries¡±, he concluded by saying.
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| Fibre2fashion News Desk - India | |
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