China Hi-Tech Group Corporation, a state-owned enterprise of China, proposes to develop a textile factory in the Alas Kethu region in Wonogiri district of southern Central Java.
Sukoharjo-based PT Sritex Textile would serve as a key partner for the project to develop a textile factory in the proposed industrial zone.
Sri Saptono Basuki, General Affairs Manager at PT Sritex, said the project would form a part of the US$ 6 billion investments that the Chinese firm has undertaken to make for developing a container port and integrated industrial zones at a number of sites in Wonogiri regency.
Currently, the project is awaiting the State Secretariat’s decision as regards when exactly the construction can begin.
Mr. Basuki expressed hope that the new textile unit would lead to generation of large number of employment opportunities.
The factory would spread on around 524.8 hectares of Alas Kethu’s entire area of 644.4 hectares, while the remaining area of 119.6 hectares would form a part of the field for special purposes (LDTI) area, incorporating research forest and structures belonging to state-owned PT Perhutani and the Forestry Ministry.
Fibre2fashion News Desk - India