REPUBLIKA.CO.ID, JAKARTA -- Investors from the China Jiangsu Dongqun Investment Holding Group Co., Ltd have expressed interest to develop the textiles and textile products (TPT) industry in Indonesia, with an investment of US$100 million.

"We certainly welcome the interest shown by investors of the Jiangsu Dongqun Investment Holding Group Co., Ltd who want to invest in Indonesia," Industry Minister Airlangga Hartanto stated in a press release here on Tuesday.

Airlangga also presented several prospective locations for investment, such as the Kendal Industrial Area in Central Java, taking into account the size of land and the available skilled labor.

The statement was made by Airlangga who accompanied President Joko Widodo on a working visit to the People's Republic of China a few days ago to attend the G-20 Summit in Hangzhou.

In addition, Airlangga was a guest speaker at the Indonesia Business Forum held in Shanghai.

According to Airlangga, a meeting was held with the management of Jiangsu Dongqun Investment Holding Group Co., Ltd in Shanghai.

On the occasion, he was accompanied by Director General of Security and Access Development Industry at the Industry Ministry Harjanto and Chairman of the Chamber of Commerce and Industry Indonesia Rosan Perkasa Roeslani.

"We urged them to work with a local partner," Airlangga stated.

Meanwhile, he added the Jiangsu Dongqun Investment Holding Group Co., Ltd had sought information on the investment incentives as well as the availability of power for the textile industry.

Airlangga noted that the Indonesian government had deregulated economic policies to reduce rules that may hinder the development of industries and businesses in Indonesia. Until now, a total of 13 tranches of the economic policy package have been issued by the government.

"The government is also taking into account the decline in gas prices that are considered to be competitive for the industry, including the textile sector. It is to improve the competitiveness of the industry," he said.

Airlangga noted that certain industries that qualify will be offered special incentives, such as tax holidays, tax allowance, and exemption from import duties within the framework of investment.

Airlangga stated that besides Jiangsu Dongqun Investment Holding Group Co., Ltd that is keen to invest in Indonesia, the China Railway Construction Corporation (CRCC) has also agreed to establish a mechanism of cooperation with the Industry Ministry to develop human resources and industrial competitiveness of both countries in the near future.

CRCC is a company engaged in the manufacturing sector as well as in the construction of fast trains, bridges, tunnels, and other infrastructure projects.

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