A total of 159 textile and textile product companies are investing Rp1.99 trillion in the renovation of their production machineries, a deputy minister said.
“We are providing a discount price for companies restructuring their machines worth Rp181.74 billion. We are now processing it,” Deputy Industry Minister Alex Retraubun said here on Monday.
The number of applicants that have been discussed by the technical team has reached 124 firms, consisting of 53 firms in the direct type and 71 others are in the normal type.
He said that 100 companies had obtained agreement letters to receive the assistance (SPPB), of which 38 were in the direct type worth Rp28.99 billion with an investment of rp383.56 billion and 62 others were in the normal type with assistance worth Rp75.92 billion and investment valued at Rp942.25 billion.
The deputy minister said that the additional investment would increase additional workers by 13,000 persons in the textile and textile product fields.
In the meantime, production capacity would also increase by about 17-28 percent and productivity by 7-17 percent while the use of energy could also be cut by 18 percent, he said.
