InfoSAWIT, MEDAN – North Sumatera Province showed its commitment to support palm oil industrial strategic investment downstream (SID). The province has lots of potential both in plantation, forestry, wood. These are the reasons to support SID. Secretary of North Sumatera Province, Arief S Trinugroho said it would be the coordination meeting at Diamond Ballroom, Cambridge Hotel, Medan, Thursday (18/7/2024) lalu.
Palm oil plantations in the province laid on about 1.353.515 hectares with the production reaching 5.453.030 tons in 2023. It was the fourth biggest palm oil producer after Riau, Central Kalimantan, and West Kalimantan. "North Sumatera has wide palm oil plantations, many rivers for water powerplants, infrastructures, ports, and industrial zones. These complete packages would make North Sumatera as the biggest one in Indonesia,” Arief S Trinugroho said, as InfoSAWIT quoted from the official page of North Sumatera, Friday (19/7/2024).
He also emphasized it would be important to get downstream investment to get new chances to escalate commodity additional values, create employment, and encourage economic development. Arief reminded palm oil industrial downstream development should be the same with the local participation and welfare to avaoid every negative impact and social conflict.
Special Staff in Bureaucracy Reformation Ministry of Investment/Investment Coordination Board, Azhar Lubis said that the meeting would be about to get inputs from every regulation and socially impacts from downstream program. Lubis thought the downstream program could deliver impacts economically and welfare for the people.
In 2023 North Sumatera was one biggest contributor for Indonesia in downstream sectors that reached Rp 39,1 trillion both from foreign investment and domestic investment.
In the meeting, there were Head of Central Bureau of Statistic, Asim Saputra; Head of Investment Agency and One Stop Service, Faisal Arif Nasution; Head of Labors, Ismael Parenus Sinaga; Asosiasi Petani Kelapa Sawit Indonesia (Apkasindo), Indonesian Palm Oil Association, Gabungan Industri Minyak Nabati and Himpunan Pengusaha Muda Indonesia (HIPMI) from North Sumatera Province. (T2)
