Govt. Targets New Investment in Footwear
The government this year aims to attract $125 million in fresh investments in the footwear industry and increase shoe exports by 15% to $1.7 billion.
"We are confident about the targets as the European Union continues to impose an anti-dumping import duty on Chinese products," the Industry Department’s director for multifarious industries, Nugraha Sukmawidjaya, said Wednesday (17/1/07).
The business climate in the footwear industry is good as indicated by the fact that 16 companies invested $80 million in the sector last year, Sukmawidjaya said, according to Antara.
This year, 25 other companies are expected to invest $125 million, he added.
"We are confident about the targets as the European Union continues to impose an anti-dumping import duty on Chinese products," the Industry Department’s director for multifarious industries, Nugraha Sukmawidjaya, said Wednesday (17/1/07).
The business climate in the footwear industry is good as indicated by the fact that 16 companies invested $80 million in the sector last year, Sukmawidjaya said, according to Antara.
This year, 25 other companies are expected to invest $125 million, he added.