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China targets textile investment in indonesia

China targets textile investment in indonesia Source:
Date: 08-05-2013
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Chinese entrepreneurs are now many who want to invest in Indonesia's manufacturing industry, one of them in the textile sector, says Indonesian Ambassador to China Imron Cotan. "Many Chinese companies that want to relocate and develop its investment in Indonesia, such as in the textile sector, because of the potential in Indonesia and the region," he said.
Previously, many Chinese investors to invest in the mining sector. As an illustration, according to data from the Investment Coordinating Board (BKPM), in the period 2007-2012, the mining sector recorded a realized investment 153.99 million U.S. dollars and became the largest of China.
Besides mining, other sectors in previous years many investors target China is the food and beverage sector, basic metals, metal goods, machinery, and electronics. The transfer to the manufacturing industry with one of them in the textile sector, said Imron, because in China textile industry got a great challenge regarding the price of competitive products and production costs.
Chinese businessmen, said Imron, saw wages in Indonesia and the region, more competitive than in China and it became one of the potential investment. In addition, the huge market potential in Indonesia and the region with a total share of 600 million souls into one another appeal.
"Indonesia has a middle class that achieve 100 million people and its total 250 million people," he said. Imron said he had consulted with the Chinese businessmen who are interested in investing in the textile sector. However, the advance stage of talks to reach the location of the establishment of the new factory is still concentrated in Bandung, West Java.
"We still point to Bandung for these textiles," he said, while still reluctant mention name a few investors who have initiated cooperation. "There are Chinese companies that want to invest in Indonesia, there are already offering investment 150 million U.S. dollars," he added.
In addition to the manufacturing sector, more Imron, many Chinese businessmen are also eyeing investments in agriculture and animal husbandry. Chinese Ambassador to Indonesia Jiancha Liu said the manufacturing sector, particularly in textiles will be targeted Chinese investors to Indonesia in the next two to five years.
However, he also reiterated the commitment of Chinese companies looking to invest in the infrastructure sector, see the lessons of China's economic growth to become the second largest economic power in the world. "China and Indonesia see the potential together. We want to keep in tune and assess any potential cooperation," he said.

Value of Chinese investment in Indonesia soared in 2012, with a total of 141 million U.S. dollars of approximately 128 million U.S. dollars in 2011. Currently, the realization of China's investment in Indonesia in the first quarter of 2013 stood at 60.2 million U.S. dollars in 99 projects.
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