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The World Fashion Organization (WFO) is interested to build fashion city in Serpong, Tangerang with investment reach US$2 billion.

Directorate General of SME will bring together WFO with the Association of Indonesian Fashion Designer and Entrepreneurs (APPMI) to realize the investment.

“WFO is interested to invest in Indonesia worth US$1 billion-US$2 billion to build fashion city in BSD, Tangerang,” said SME Directorate General Euis Saedah.

Euis explained WFO need to team up with Indonesia’s fashion entrepreneurs to build fashion city. The meeting between WFO and APPMI is expected to be held next year.

Previously, Chairman of APPMI Dina Madiani said Indonesia’s fashion industry development will conduct gradually.

The development focus of fashion industry in 2012 is to improve quality and domestic material product which is aimed to increase domestic market share in 2014.

Therefore, Indonesia fashion industry is targeted can enter in Asian market by 2018 and global market in 2015.

The Ministry of Industry is also optimistic SME to grow by 7% in 2012 and 8% in 2013 in line with increasing food and fashion industry in Indonesia.

Source : Bisnis.Com