Indonesian Political, Business & Finance News

Agriculture minister offers opportunities to invest in agribusiness

| Source: ANT
Jakarta, (ANTARA News) - The Agriculture Ministry had offered investment opportunities in the agribusiness sector in Indonesia to foreign participants at the Food Resilience Summit in Rome, Italy, sometime ago.

In a bilateral meeting with ten foreign representatives on the sidelines of the summit, Agriculture Minister Anton Apriyantono on Sunday said his side invited foreign investors to invest in developing the agricultural sector in Indonesia.

"Some countries like Malaysia, South Korea and Middle East countries are interested in investment in the sector," he said when explaining the result of the summit in Rome he and other Indonesian delegates had attended from June 3 to 5, 2008.

According to him, Malaysia was keen to invest in cattle breeding and Korea in agribusiness like corn, while Middle Eastern countries like Saudi Arabia, Kuwait and Qatar wanted to open a million hectares rice estate.

Anto also said that although the government was even ready to provide foreign investors with permits to invest in the agriculture sector, Indonesia was not interested if it was only used as a supplier. Therefore, the investors were expected to set up a processing industry.

In addition to investment, according to him, Indonesia also offered cooperation in agriculture like exchange of experts on agriculture with Madagaskar.

With Indonesia`s experience and capability in the agricultural sector especially in producing rice, Indonesia was also ready to send a number of experts to share the knowledge and professionalism, so that human resources in rice cultivation skills in Madagaskar would also increase.

The minister said that Indonesia already had an experience in South-South Cooperation since 1996 along with Tanzania and Zambia by establishing research centers in both countries.

Ealier in a meeting with Madagaskar`s President Ravalomanana, it was said that country had asked Indonesia to send another 200 rice experts. (*)
Tags: business
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