Many partnerships programs with farmers, breeders, and fishermen can be run through the holding.
Jakarta (ANTARA) - The State-Owned Enterprises (SOEs) Ministry on Friday officially transferred the shares of five SOEs to state-run agroindustry company PT Rajawali Nusantara Indonesia (RNI), which will serve as their food holding entity

"The establishment of the holding (company) is expected to strengthen our food sector by increasing production capacity, as well as expanding market access and food distribution networks," first deputy minister of SOEs, Pahala Nugraha Mansury, informed in a written statement released here on Friday.

The strengthening efforts will include optimizing potential assets, improving supply chains, and implementing technology for business digitization, he explained.

In addition to improving national food security, the holding will also focus on developing the food ecosystem and increasing the inclusiveness of farmers, breeders, and fishermen, he said.

The establishment of the holding is in accordance with President Joko Widodo's directive seeking a qualified food SOE to realize Indonesia's 2045 vision, especially regarding food security, Mansury added.

"Many partnerships programs with farmers, breeders, and fishermen can be run through the holding," the first deputy minister said.

The five companies whose shares have been transferred to RNI are PT Perusahaan Perdagangan Indonesia, PT Sang Hyang Seri, PT Perikanan Indonesia, PT Berdikari, and PT Garam, he informed.

The signing of the share transfer agreement between the enterprises took place on Friday, marking the official establishment of the food SOEs holding company, he said.

Earlier, the President had approved the establishment of the holding company through Government Regulation Number 118/2021 on the addition of State Equity Participation into the share capital of PT RNI.

Meanwhile, president director of PT RNI, Arief Prasetyo Adi, said that the agreement signing, which made RNI the holding company for food SOEs, was an important milestone.

"The holding comprises agriculture, fisheries, livestock, salt, and logistics trade sectors,” he noted.

The holding has three objectives: supporting national food security; improving the inclusiveness of farmers, breeders, and fishermen; as well as becoming a world-class food company, he informed.

The holding plans to launch a new brand name and logo in near future, he added.

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Translator: Aji Cakti, Uyu Liman
Editor: Sri Haryati
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