5:22 PM
Fibre2fashion
Maoxin Ye, the Vice President of China Hi-tech Group Corporations, is excited regarding the setting up of a machine spare parts producing unit for textile industry in Indonesia. He said that, the company does not have any problem in transferring technology to the new plant, and is also capable of financing the project.
Unlike China which has 100 million mills, Indonesia just has eight mills. Therefore, China is interested in playing a significant part in Indonesia’s textile machine restructuring program.
Though, Maoxin did not disclose the quantum of investment, he was optimistic that the government will help the company with its plan, like by offering tax concessions and import duty subsidies. He further said that, the company expects the government to treat it like an Indonesian firm.
If China makes investment in machine assembling, textile machine production will no more be meant to fulfil the domestic demand, as the machines then would be exported to even other developing nations including India and Pakistan, which also position themselves as major producers of textiles.
The shift towards Chinese products is mainly attributable to good quality of machines which enables the producers to boost their production to the level like that of the producers in Europe and Japan. Besides, energy saving capacity of Chinese machines is also high. Thus, Indonesian government has called upon the Chinese investors to invest in the country, and thereby to help it with its plan of restructuring the industry.
Unlike China which has 100 million mills, Indonesia just has eight mills. Therefore, China is interested in playing a significant part in Indonesia’s textile machine restructuring program.
Though, Maoxin did not disclose the quantum of investment, he was optimistic that the government will help the company with its plan, like by offering tax concessions and import duty subsidies. He further said that, the company expects the government to treat it like an Indonesian firm.
If China makes investment in machine assembling, textile machine production will no more be meant to fulfil the domestic demand, as the machines then would be exported to even other developing nations including India and Pakistan, which also position themselves as major producers of textiles.
The shift towards Chinese products is mainly attributable to good quality of machines which enables the producers to boost their production to the level like that of the producers in Europe and Japan. Besides, energy saving capacity of Chinese machines is also high. Thus, Indonesian government has called upon the Chinese investors to invest in the country, and thereby to help it with its plan of restructuring the industry.
Posted in: assembling textile machine,fibre2fashion,Indonesian textile industry,textile machinery
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