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Anhui to set up textile machinery plant in Indonesia
22
Mar '12
Anhui Conch Group Company Ltd. has expressed interest to invest in textile machinery plant in Indonesia.

Indonesia's Minister of Industry MS Hidayat said the Anhui Conch Group has sought allotment of 150 hectares of land to build an industrial park in the country, where a number of textile and textile machinery industries can be set up.

The Ministry of Industry is considering providing land to Anhui Group at Bekasi or Cikarang, he informed.

The Minister suggested that Anhui should collaborate with local partners to construct the textile industrial park.

He hoped that the new investment would help domestic textile manufacturers to better take advantage of the restructuring scheme for textile machinery launched by the Ministry of Industry.

The setting up of new textile machinery plant would help in modernizing textile machinery at various plants across Indonesia, he said.

The Minister revealed that the new plant for making textile machinery is likely to get tax holiday benefits.

Fibre2fashion News Desk - India

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