Textile producers allocate funds to procure new machinery
183 middle class Indonesian textile and garment producers
allocated some 1.78 trillion rupiah (about US $183.3 million) to
procure new machinery this year. The allocation figure came up
from Indonesia's Industrial Ministry's first scheme program in
providing 10% price discount for the producers intended to
procure new production machines this year.
Arryanto Sagala, Senior official at the Ministry, Textile
Machine sector said that besides the first scheme discount
program used by those 183 textile producers, the Ministry also
provides the second scheme for the smaller scale textile
producers. He said that as of now 27 textile producers have
allocated 46.9 billion rupiah (about US $4.8 million) to procure
production machines with soft loan program that offers 7%
interest rate.
The scheme to encourage textile producers in the country to
procure new textile production machines has been initiated since
2007. Government has allocated 240 billion rupiah (about US
$24.7 million) this year. Of that allocation, government set 190
billion rupiah (about $19.5 million) for the first scheme and 50
billion rupiah (about $5.1 million) for the second scheme.
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