Indonesia'S Shoe Industry Continues To Gain Huge Foreign Investment

Since the implementation of the agreement on the free trade area between ASEAN and China, the Indonesian market has not seen the phenomenon of "Chinese shoes" coming into full swing. On the contrary, it has been favored by many foreign enterprises, and Indonesia has made it.

Budi, director of various industrial divisions of the Ministry of industry, Ministry of metal machinery and textiles, said recently in Jakarta that 10 shoemaking enterprises from China, South Korea and Thailand said they would invest about 1.5 to 200 million dollars in the year to Indonesia's footwear industry.

The investors are preparing to build a shoe production base in Indonesia. The selected areas include Daglan, Wan Dan, Xu Tu Li Zu, Yan Wang, Merl Zoger do and Bandung.

These investors believe that the cities already have sufficient infrastructure and better investment environment, especially in the stable political and social environment.

Budi said: the new shoe factory can absorb about 10 thousand of the local residents.

The above 10 foreign countries