Chinese textile firms to relocate to I'nesia
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Two textile manufacturers in China plan to relocate their factories to Indonesia, says Indonesian Ambassador to China Imron Cotan.
The manufacturers expressed their intentions during a meeting of the Aigo Entrepreneurs Alliance (AEA), a coalition of key Chinese entrepreneurs, he added.
“Indonesia’s positive investment climate is the main reason for their plan. We also have several investment policies designed to attract foreign investors. All of these are making Indonesia a top destination for investment,” Imron said in Beijing, quoted by Antara news agency on Monday.
China’s “go global” policy has triggered the expansion of Chinese manufacturing to foreign countries, Imron said.
The Indonesian government, he added, would welcome Chinese investors interested in participating in the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI).
Under the MP3EI programme, which spans from 2011 until 2025, the government plans to construct infrastructure projects in six corridors across Indonesia. Together, the combined projects need up to US$600 billion (Bt18 trillion) in funding.
