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Investment in textile sector triples in 2011
01
Aug '11
Following the heavy investment in new machinery and equipment in the textile sector in the first six months of the current year, demand for skilled labour is expected to shoot up in Indonesia.

Investment in new machinery amounted to Rp 3 three trillion in the period between January and June this year, which is expected to create employment opportunities for 300,000 people in the industry.

The investment in the textile industry period amounts to three times the investment made in the last financial year.

Currently the textile sector in Indonesia is the highest employment generator at nearly 1.3 million people followed by the plastic and footwear industries.

Most of the investment has come from domestic businessmen. However countries like China, Thailand and South Korea too are expected to flow, since the Indonesian textile sector is considered a favourable investment destination.

In order to meet the demand of these new investments, a few provinces are even organising training programmes so that the industries are able to tap skilled workers.

Fibre2fashion News Desk - India


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