INDONESIA BONDED WAREHOUSE PLANS WILL BOOST TEXTILE SECTOR LOGISTICS, SAYS INDUSTRY
October 1st, 2016
The chairman of the Indonesia textile association (API - Asosiasi Pertekstilan Indonesia) has welcomed his government’s initiative to open bonded logistics centres, saying that they will reduce textile manufacturers’ logistics costs by as much as between 25% and 35%.
Indonesian President Joko Widodo inaugurated 11 bonded logistics centres earlier in the year as part of a series of economic reforms designed to boost trade in southeast Asia’s largest economy.
The API’s Ade Sudrajat told WTiN.com: “This will allow our working capital costs to be lower ...
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