Home / Knowledge / News / Footwear manufacturers receive aid to modernise machinery

Footwear manufacturers receive aid to modernise machinery

08
Jul '09
The Industry Ministry declared nine footwear manufacturers eligible for the government aid to modernize their industrial machinery in order to increase efficiency as well as the productivity.

Under this aid program, the government will finance 10 percent of the new machinery purchases, to the manufacturers. The Ministry will provide over Rp. 4.2 billion to these nine shoe companies. The government has allocated a total of Rp. 55 billion for the year under this aid program.

This aid, to enhance the Indonesian industries' capacities, is a part of government scheme, said Mr. Singgih Witarsa, the executive director of the Indonesian Footwear Manufacturers Association (Aprisindo).

As most of the machineries that are being used currently in the footwear sector are very old, the government has decided that this sector is eligible for the machinery renewal fund. Such kind of help is also being extended for the textile industry and sugar factories.

Over 15 companies have applied for such support and this number is below the government's target to assist at least 30 companies in this way, informed Mr. Singgih. As the government wants each applicant to invest minimum Rp. 500 million for the purchase of new machineries, the number of applicants is on the lower side, he added.

As majority of the companies are just small and medium enterprises (SMEs), such a large investment is considered too high for them. Other than this, the companies are of the opinion that this is not the perfect time to refurbish their machinery, said Mr. Singgih.

The government is still willing to receive applications for footwear machinery investment, till July 30, informed Mr. Ansari Bukhari, the Director General of Machinery, Metal and Textile in the Ministry of Trade and Industry.

The aid can be still be availed of in July if the companies prove that they have already purchased new machines, he added by saying.

Total footwear exports for this year are expected to reach $1.8 billion with a slight difference of $50 million compared to the previous year.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Poshmark

E-commerce | On 29th Sep 2020

Used clothing platform Poshmark files to go public

Poshmark, an online resale marketplace for second-hand clothing,...

Pic: Neiman Marcus

Retail | On 29th Sep 2020

Neiman Marcus Group completes Chapter 11 process

Neiman Marcus Holding Co. has announced emerging from voluntary...

Pic: Shutterstock

Textiles | On 29th Sep 2020

Indorama Ventures posts H1 FY20 revenue of $5.28 bn

Indorama Ventures Limited (IVL), a global chemical producer, has...

Interviews View All

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Bani Batra,

Bani Batra

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

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

Leave your Comments


September 2020

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


Advanced Search