Indonesia’s textile sector to get investments worth US $ 230 million in 2015

Increasing labour wages, electricity costs and without any free trade agreement, Indonesia can be perceived to be trailing behind in the competitive global apparel export scenario. but with investments worth US $ 230 million (RP 3 trillion) lined up in the country’s apparel and textile industry, Indonesia is again set to make its mark on the global apparel manufacturing map, with positive prospects of signing trade agreements with key buying nations, including in Europe. A significant portion of the investment will come from a local firm but major investments will pour in from investors based in China, South Korea and Taiwan. Aimed at producing apparels for the export markets, Central Java would receive majority of the investments. Amid fresh investment, the Indonesian Textile Association is positive of achieving its target of US $ 12.6 billion for exports of apparel and textile in 2015.