ERJ staff report (DS)
Guangzhou, China - The Indonesian government has welcomed a deal between companies based in Indonesia and China, which will see Chinese investment in Indonesia's plantation industry. The initial agreement does not cover rubber, but the way is open for more deals.
In the initial stage, we will build 4050 ha of sisal plantation in Sumbawa along with the manufacturing sector which will produce carpets, raw material for medicine, etc," said Indonesia's Minister of Manpower and Transmigration, Muhaimin Iskandar.
The MoU was signed by Soedomo Margonoto from PT. Sumbawa Island Agro, a subsidiary of Kapal Api Group Indonesia; and Lei Yong Juan from Guangdong Agribusiness Ltd., a state-owned company from Guangdong Province, China.
Guandong Agribusiness Ltd. is a Chinese State-Owned Enterprise (SOE) focuses on technology and overseas markets. This company is based in Guangzhou, China, and was established in 1951. It owns plantations of rubber, sugar cane, sisal, agricultural products, fruits, and fishery cultivation with a turnover of 15 billion Yuan / Rp. 21 billion (U$ 2,386,363,000) per year.
Meanwhile, PT. Sumbawa Agro is a subsidiary of Kapal Api Group which will prepare management and domestic market and it is situated in Surabaya. (Source: the Consulate General of Indonesia in Guangzhou)
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Press release from Indonesia's Ministry of Foreign Affairs