;
Home / Knowledge / News / Textiles / Govt to continue allowing import of used machinery
Govt to continue allowing import of used machinery
02
Sep '08
In a bid to allow less developed industries to maneuver for growth, the Government of Indonesia has decided to maintain its policy of permitting limited imports of used machinery.

The possibilities of allowing limited imports of such second-hand machinery even in 2009 was discussed threadbare by the Textile, Machinery and Metal Industries Department in the Ministry of Trade and Industry.

A Government official told Fibre2fashion that importing of second-hand machinery is quite important since the country does not undertake manufacturing of machines on its own. Besides, these goods are comparatively less expensive than the new ones.

However, he added saying that talks are still underway as to whether this policy would be viable since used machinery have a record for not being economic and having high energy consumption. It is advisable to buy machineries used for 5-10 years because those used for 20 years and over would be less productive and more prone to wear and tear.

It was decided that the Government would completely lift the policy of allowing such imports in April this year, but following a realization that the domestic business world still required these products for cutting down on costs, the authorities have revised their initial stand.

Nonetheless, the trade and industry ministry is still skeptical about how long the import of used machinery would be allowed and have suggested issuing a list of types of machinery to be permitted for restricting excessive inflow of such goods.

Moreover, the industry minister also said that imports would be allowed only to those industries who require it for production and not to those wanting to re-sell them.

Fibre2fashion News Desk - India


Must ReadView All

No tax on cotton fabric import from India to Vietnam soon

Textiles | On 9th Dec 2018

No tax on cotton fabric import from India to Vietnam soon

Under the free trade agreement between India and the Association of...

Courtesy: Businesswire

Textiles | On 9th Dec 2018

Endy being taken over by Sleep Country

Endy, Canada’s leading online mattress brand, is being taken over by...

Courtesy: Polartec

Textiles | On 9th Dec 2018

Polartec working with online retailer Backcountry

Polartec, the premium provider of innovative and sustainable textile...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

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


December 2018

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

news category


Related Categories:

Advanced Search