Posts Tagged ‘financial’
Slow credit from bank, strangling Chemical Industry
Financial factors such as difficulty of getting bank credit disbursement is one obstacle to developing the chemical industry sector in 2009.
“The chemical industry has the potential to grow really big. Only faces several obstacles. One of them is the financial factor,” said Amir Sambodo industrialists in the event of chemical industry outlook breakfast meeting after legislative election 2009. Amir revealed that financial constraints occur because most of the banking sector is still reluctant to provide loans to this sector. ”Many banks do not want to support the chemical sector. They are afraid of these sectors will be dropped as is the case with the textile industry,” he said.
“Needs a major domestic industry makes this a very real potential to grow big,” said Amir. To deal with these constraints, he argues, is needed from government interference. Intervention can be done in terms of providing the guarantee on bank that provides credit to the chemical industry.
