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China to invest $473mn in Indonesian textile sector

11
Jun '12

The Chinese textile industry has committed to invest in 234 textile projects in Indonesia, a top official in the Ministry of Trade and Industry evealed.

A delegation from the China Chamber of Commerce for Textile Imports and Exports (CCCT) was in Indonesia recently seeking investment opportunities.

These 234 projects will attract investment totaling to US $473 million, Mr Gusmardi - National Exports Development Director-General, revealed.

He said that bilateral was expected to touch $50 billion by 2015, but had crossed $49 billion in 2011 itself.

Starting with this new cooperation, the target for bilateral trade was revised to $80 billion by 2015, he informed.

 

Fibre2fashion News Desk - India


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