The food and beverage (F&B) industry is set to benefit from Unilever Indonesia’s decision to invest $500m in product expansion locally over the next five years.
Indonesia Industry
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Increased government support and ongoing trade negotiations with the EU are expected to underpin growth in Indonesia’s textiles industry.
Economic view | Ravi Shankar, President Director, Asia Pacific Fibres; and Chairman, Indonesian Synthetic Fibre Makers Association, on the growth potential of the textile industry
22 Sep 2016
RAVI SHANKAR: Indonesia's upstream segment manufactures significant quantities of two raw materials: polyester and rayon. The two major fibres consumed in the textile industry are polyester and cotton, the latter of which is not currently being produced in Indonesia. Polyester production began in 1980, so we have a sizeable industry in Indonesia, but in the last 20 years capacity has mostly been developed in larger countries such as India and China.
Plans by a Chinese-led private investment group to pour $5bn into a new West Java industrial park signal that the Indonesian government’s efforts to attract additional foreign direct investment (FDI) may be yielding the desired results.
A flurry of major infrastructure projects in Indonesia is set to boost the construction sector, although growth in the domestic building materials industry remains hamstrung by regional competition and government intervention in some cases.