China’s Jiangsu Dongqun keen on textile investment in Indonesia
JAKARTA - China-based textile company Jiangsu Dongqun Investment Holding Group has expressed interest in investing US$100 million (Bt3.5 billion) to build a textile factory in Indonesia, Industry Minister Airlangga Hartarto says.
The interest was officially registered during a meeting between the minister and the group’s management.
Regarding the location, Airlangga offered several options such as the Kendal Industrial Park in Central Java.
“The industrial park provides plenty of land and skilled labour,” he said after the meeting with Jiangsu Dongqun’s manage?ment in Shanghai on Monday.
The minister was in China accompany?ing President Joko Widodo at the G20 Summit.
During a visit to the headquarters |of Jiangsu Dongqun, Airlangga intro?duced members of the Indonesian Chamber |of Commerce and Industry to manage?ment.
“We also encouraged them to collabo?rate with local partners,” he said.
The government plans to incentivise industry commitment with tax holidays, tax allowances and competitive gas prices to boost the textile industry, he said.
