Indonesian Political, Business & Finance News

Government Rejects Foreign Investment in Food Production

| Source: TEMPO
TEMPO Interactive, Bandung:The government has rejected an offer from a Middle Eastern group to invest in West Java’s food sector because the province’s main agricultural product is the national rice stock. “So, the government has not given its approval,” said West Java governor, Ahmad Heryawan, in Bandung yesterday.

According to Heryawan, the government is worried that food stocks would be disrupted, given that West Java is the biggest supplier of rice nationwide. Therefore, the government has only approved investment in Kalimantan and Papua. “However, the offer is still open to producers of goat meat and lamb,” Heryawan added.

According to the investors, West Java goat meat and lamb are tastier than those originating from New Zealand and Australia.They are even willing to buy any amount available. “The problem is that nthis meat’s available stock is only enough for West Java’s consumption. We hope to expand next year,” he said.

AHMAD FIKRI
Tags: business
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