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INDONESIAN SHOE INDUSTRY STILL ATTRACTING INVESTORS: BKPM CHIEF.
JAKARTA, Aug 1 Asia Pulse - Investors' interest in Indonesia's shoe industry is still high despite the fact that many shoe companies have closed their businesses, the country's top investment official said.
"The number of new companies investing in the shoe industry exceeds that of companies that have withdrawn their investment," Capital Investment Coordinating Board (BKPM) Chairman M Lutfi said here on Tuesday.
He said in the 2006-2007 period, there were at least nine new companies coming to Indonesia to invest in the shoe manufacturing business.
Of the nine, five came from South Korea, namely PT Poongwon Indonesia, PT Pratama Abadi Industri, PT Korin Technomic, PT Vision Indonesia and PT Mikwang Prima Indo.
The others were one from Britain (PT Sepatu Mas Idaman) in Bogor, one from Taiwan (PT Karunia Fajar Mellenia) in Tangerang, one local company (PT Berkat Ganda Sentosa) in Pasuruan and one joint venture (PT Nikomas Gemilang) in Serang.
Lutfi said thet BKPM had recorded six companies which had ...
- THE SHOE INDUSTRY STILL ATTRACTING NEW INVESTORS
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