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Wednesday, 16 May 2007

China’s Guangxi Province Interested in Investing in RI Sugar Industry

Jakarta - The Guangxi Province in China is exploring possibilities of investment in the sugar industry in Indonesia, Industry Minister Fahmi Idris said.
"They are interested in building a sugar mill and open sugarcane plantations in Indonesia," Fahmi told the press after a meeting with Liu Qibao, a Guangxi provincial administration official, here on Monday.
He said the government will soon issue a policy on investment in the sugar industry under which those wishing to set up sugar mills in the country are also required to build sugarcane plantations. Investors would be given three years to prepare their sugarcane plantations.
Fahmi said, in his meeting with Liu Qibao, he had suggested that the Chinese investor set up a sugar mill and open a sugarcane plantation in Merauke district, Papua.
Merauke was a good location for the Chinese investment as vast tracts of land suitable for sugarcane planting were available there, he said. (Source: Antara 15/05/07)

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