Pontianak, W Kalimantan (ANTARA News) - A Chinese company is mulling to develop rubber plantations in West Kalimantan province at a cost of more than Rp10 trillion, a local investment official said.

"They (the Chinese company) have invited the West Kalimantan provincial government and legislative body to visit China to show their seriousness in making investment (in the province)," Head of the West Kalimantan Provincial Investment Coordinating Board (BPMD) Yoseph Alexander said here on Sunday.

The Chinese investor planned to develop rubber plantations on 100 thousand hectares of land and a rubber processing plant, he said.

He said most of rubber plantations in West Kalimantan had so far been developed on a small scale.

A West Kalimantan investment delegation was expected to leave for China in April to meet the invitation, he said.

The planned Chinese investment has not been included in the local government`s target of attracting foreign investment totaling Rp6.5 trillion this year, he said.

China remains on top of the list of foreign investors in West Kalimantan, followed by South Korea.

The West Kalimantan provincial administration has set itself the target of licensing investment proposals to develop 1.2 million hectares of rubber plantations. (*)

Editor: Kunto Wibisono
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