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Indonesian Legislators Visited PTPN IV: Evaluate Palm Oil Industrial Development

Special doc./Chairman of Work Visit Team of Commission VI Indonesian Legislators, Jon Erizal in PTPN IV Region III, City of Pekanbaru, Riau Province (20/6/2024).
Indonesian Legislators Visited PTPN IV: Evaluate Palm Oil Industrial Development

InfoSAWIT, PEKANBARU – Team of Work Visit Commission VI Indonesian Legislators led by Jon Erizal visited PTPN IV Region III in the City of Pekanbaru, Riau Province. It was about to directly review palm oil plantation/industrial development in the province and to identify the issues that many faced and how to get the solutions.

Palm oil, as the mainstay plantation commodity in Indonesia, delivered export exchange. It was the main focus in the meeting.

Jon Erizal that led the meeting said that it would be important for the Enterprises, particularly PalmCo, to support the exchange for this country.

"PalmCo is the holding company of Enterprises in palm oil plantation sectors. We discussed many about the strategies in PalmCo to escalate its contribution in the revenue. In the future, the economy of Indonesia would be increasing and should be supported by the strong and sustainable source of revenue,” he said as InfoSAWIT quoted from Parlementaria, Saturday (22/6/2024).

Jon also said that PalmCo would get big potential in land ownership that could be more than 700 thousand hectares, and 586 thousand hectares would be for palm oil plantations. Nevertheless, he emphasized PalmCo needs to develop its ability to develop downstream sectors, that other private companies have operated.

“The better downstream sectors would significantly deliver multiplier effects for our economy nationally. PalmCo just operated palm cooking oil. There are big potentials to get other higher downstream sectors, including cosmetic industries,” he said.

He also mentioned, it would be significant to get supporting regulations to accelerate downstream industries, it needs massive investment to develop such industries. “We would encourage that PalmCo would get reinforcement and leeway of regulation to support the profitable downstream sectors. This would massively deliver additional values for our palm oil industries,” he said.

As the conclusion in the visit, he said that Indonesian Legislators would keep monitoring everything and innovation that PalmCo promised. “We do hope the right innovations, our Enterprises, particularly in palm oil sector would develop and contribute significantly for our economy nationally,” Jon said.

It is hoped the visit would deliver valuable inputs for the government’s policies to reinforce palm oil sector, as the main pillar for economic progress in Indonesia. (T2)