Japanese textile machinery sector keen to invest in Indonesia

　　“Around 20 companies are planning to set up machinery production plants. These include producers of textile machinery across the textile value-chain”, he added.

　　“However, these investors are looking to receive incentives from the government as well as good infrastructure facilities before setting up the plants”, he informed.

　　Indonesia is currently in the process of refurbishing its textile industry, by investing in technologically advanced machinery, for which the government is providing various subsidies.

　　“But the major stumbling block is that, Japanese textile machineries are more expensive than their counterparts in other countries like China and Taiwan”, said an expert.

　　He added, Japanese machines though better in quality are 40 percent more costly than those available in China.

　　“Japanese textile machinery manufacturers will have to reduce their prices, otherwise the textile sector will prefer machines from China and other countries”, he concluded by saying.