Indonesia’s Ministry of Industry (Kemenperin) is providing machine price discounts to make textile and textile product (TPT) industry more productive and competitive. This move is also a part of the implementation of the Making Indonesia 4.0 roadmap, which makes the textile sector one of the priorities.
The incentive encourages companies to use more modern, energy efficient and eco-friendly machines. Till date, 10 companies have benefited from this move through the Agreement on the Provision of Discounted Reimbursements (P4H), says Ellis Masitoh, Director-Textile, Leather and Footwear Industry, Ministry of Industry.
In 2022, the Ministry of Industry aims to provide incentives for engine price discounts worth IDR 5 billion. Until June 27, 2022, the Ministry of Industry approved discounts for 10 companies that have stimulated investment in new machines from the industry amounting to IDR 53.9 billion.
The total discounted price given is Rp. 3.07 billion, so there is still a budget of Rp. 1.93 billion which is planned to be realized in July 2022.