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Chinese textile firm may invest $100mn in Indonesia
07 Sep '16
1 min read
Jiangsu Dongqun Investment Holding, a China based textile and apparel manufacturer has articulated interest in investing $100 million to build and start a textile production facility in Indonesia. This was informed by Indonesian industry minister Airlangga Hartarto, after a meeting with Jiangsu Dongqun officials at their headquarters in China.
According to the minister, he offered various options to the company to set up the factory, including the Kendal Industrial Park in Central Java, since the park has lots of land and also offers skilled labour.
"We also persuaded them to partner with Indonesian companies, while being committed to boost textile industry prospects with tax holidays, subsidies and lower gas prices,” Airlangga said. (AR)
According to the minister, he offered various options to the company to set up the factory, including the Kendal Industrial Park in Central Java, since the park has lots of land and also offers skilled labour.
"We also persuaded them to partner with Indonesian companies, while being committed to boost textile industry prospects with tax holidays, subsidies and lower gas prices,” Airlangga said. (AR)
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