Home / Knowledge / News / Textiles / Two Chinese textile firms shifting to Indonesia
Two Chinese textile firms shifting to Indonesia
23
Aug '12
Two China-based textile producers are shifting their production units to Indonesia, Imron Cotan, Indonesia’s Ambassador to China, has said. 
 
The two textile makers disclosed their plans during a meeting of the Aigo Entrepreneurs Alliance (AEA), an alliance of leading Chinese entrepreneurs, the envoy said.
 
The decision of the Chinese companies to relocate to Indonesia is based on positive investment climate in Indonesia, as the country has devised a number of investment policies to draw overseas investors. These policies are helping Indonesia grow into a key investment destination, Mr. Imron said.
 
He said China’s “go global” policy has stimulated expansion of Chinese manufacturing firms overseas.
 
On the other side, the Government of Indonesia is geared up to welcome Chinese investors willing to participate in the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI).
 
Pursuant to the MP3EI program, which stretches from 2011 to 2025, the Indonesian Government intends to develop infrastructure projects in six corridors across the nation. The six projects would necessitate a total outlay of US$ 600 billion.
 
In September, an AEA delegation would visit Indonesia to follow up on the AEA meeting, the envoy said.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X