Rice and soybean will be planted alternately."Jakarta (ANTARA News) - The Amarak Group, which is owned by Malaysian and Chinese investors, plans to invest up to US$5 billion in rice and soybean plantations in Indonesia.
"Our first target is to grow rice and soybean over a 50,000 hectares of farmers` lands in Subang, West Java," said Mohammad Helmy Bujang, the director of PT Ratu Indah Mandiri, a subsidiary of the Amarak Group in Indonesia.
The Amarak Group would cooperate with a local agribusiness company PT Tri Indah Mandiri in the project, Helmy said here on Wednesday .
The Amarak Group will provide fund and technology and will transfer knowledge, he said, adding rice and soybean seeds will be locally supplied.
"Rice and soybean will be planted alternately. The system had proved effective in rice and soybean cultivation," he said.
He said officials of Amarak Group from Malaysia and China will arrive here on Thursday to visit Subang on Saturday.
"The cooperation signing ceremony will take place on Sunday night in front of a number of government officials in Jakarta. Among the officials is Minister for State Enterprises Dahlan Iskan," he said.
(Uu.H-ASG/H-YH)
Editor: Priyambodo RH
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