Jakarta: Indonesia is planning to set up a holding company for state-controlled sugar mills that will focus on increasing sugar production and lower sugar import, said the chief executive of the state plantation company on Monday.
Mohammad Abdul Gani told parliament members that the sugar mills run by the state plantation group PT Perkebunan Nusantara 3 (PTPN 3) are expected to produce 800,000 tonnes of white sugar this year and have set a target of producing 2.6 million tonnes by 2030.
“We can reduce the imports by increasing the sugar production and achieving self-sufficiency in this sector,” he said.
As per a news report published in Channelnewsasia.com, Gani said, “PT Perkebunan Nusantara 3 is currently transferring its assets to the new holding company, which will invest around 20 trillion rupiahs for expansion, including for new mills.”
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