Chinese investor Jiangsu Dongqun Investment Holding Group is planning to invest $100 million in the development of textile industry and textile products (TPT) in Indonesia. This was revealed by Indonesian industry minister Airlangga Hartarto in a press release in Jakarta. The Indonesian company has welcomed Jiangsu Dongqun Investment Holding Group to invest in Indonesia. It has also offered some investment options such as Kendal Industrial Park, Central Java that boasts of its vast area and skilled workforce.

Airlangga met the management of Jiangsu in Shanghai recently. The interest of the Chinese company was conveyed during President Joko Widodo’s visit to the People’s Republic of China for the G20 Summit in Hangzhou. Airlangga explained that the Indonesian government has launched economic de-regulation policies to scrap those hampering Indonesia’s industry and business development. The government has issued 13 economic policy packages thus far. The government is also mulling with the idea of lowering gas price to make it more competitive for industries, including the TPT sector.