Home / Knowledge / News / Textiles / Govt allocates $20mn to revamp textile industry
Govt allocates $20mn to revamp textile industry
01
Apr '11
The Industry Ministry of the country, this year has sanctioned a sum of Rp 177 billion or US$20.36 million towards a program to revamp the footwear, textile and leather industries.

Panggah Susanto, Director General of the Industry Ministry's manufacturing industry division said that, the sum allocated would be doled out to 150 textile companies and 20 footwear manufacturers and leather tanners, to aid them to procure new equipments in place of old obsolete ones.

He said this during a recent meeting at the Ministry's office and added that, they are hopeful that the new advanced technology would better help the firms to boost their productivity and production efficiency, to get more competitive.

With improved production efficiency and higher production, the domestic firms may even be able to catch hold of a greater share of the world market, he added.

The per capita consumption of textile items rose from 3.9 kg per annum in 1999 to 4.5 kg per annum in 2005 and again to 5.3 kg in 2008, while it is estimated to grow to 6.5 kg, this year, he said.

Also the contribution of the Indonesian textile exports in the world trade is likely to increase from current 1.8 percent to 2.5 percent through 2014. The textile industry revival program was launched in 2007, while for the footwear and leather industries were initiated in 2009.

Eligible companies under the revival program would be provided a subsidy of 10 percent of the total purchase value of new machineries.

There are around four million spinning spindles, 34,000 knitting machines and around two lakh weaving machines in the country's textile industry which are in use for over 20 years, the Ministry statistics revealed.

The government distributed around Rp 144.37 billion under the same programme last year. The amount was distributed to 151 textile units in the country.

However, the allocation remained lower than the government's target of Rp 154.15 billion.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

HKL Magu welcomes Amitabh Kant, CEO, NITI Aayog; Courtesy: AEPC

Apparel/Garments | On 23rd Feb 2018

AEPC completes 40 years of operation

The Apparel Export Promotion Council (AEPC) has successfully...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Evelyne Cholet
UCMTF

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

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

February 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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

Active Poll

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

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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