Thu, 14 Aug 2008
Jakarta (ANTARA News) - Fourteen investors from Taiwan intend to explore the possibility of investing in the shoe industry in Indonesia, and three of them have disclosed their plan to set up shoe factories with a total production capacity of between 120,000 and 180,000 pairs monthly, a shoe industry spokesman said.

"The 14 Taiwanese investors will come to Jakarta and later to Surabaya to explore the possibility of investing in the show-making industry in Indonesia," chairman of the Indonesian Shoe Industry Association (Aprisindo) Eddy Widjanarko said here on Tuesday, on the sidelines of the opening of the 27th Footwear International Conference.

The Taiwanese investors are medium-scale businessmen and if they realize their investment here, Indonesia will be able to achieve its target of earning US$1.9 billion from footwear exports.

"Our exports are expected to increase by 20 percent, from US$1.6 billion last year, to US$1.9 billion this year. If the planned investments are realized, the target of exports could be achieved," he said.

Meanwhile, the industry ministry`s Metal, Machinery, Textile Industry Director General Anshari Bukhari earlier said that the Taiwanese investors had requested 400 hectares of land for construction of shoe plants on Java Island.

The footwear industry trend is currently toward Indonesia which is considered stable compared to some other countries, according to Bukhari.

"Our footwear exports increased by 8.3 percent from last year`s first semester, namely US$1.64 billion. We will achieve US$1.8 billion this year if the value will surge by 10 percent. Our target for 2009-2010 is above US$ 2 billion," he said. (*)



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