JAKARTA. The Capital Investment Coordinating Board (BKPM) is expanding the program, Indonesia-Australia Partnership on Food Security in the Red Meat and Cattle Sector, to support self sufficiency in cattle herds, according to BKPM Chief Franky Sibarani.
“With this program, efforts in the field of cattle breeding to create new business models which are more profitable will be more attractive to investors,” Sibarani said, after attending a meeting on the partnership program in Sydney on Friday.
According to Sibarani, the program includes a pilot project on the integration of oil palm plantations and cattle breeding, in an effort to increase the cattle population in Indonesia.
He further said that the Indonesia-Australia Partnership on Food Security in the Red Meat and Cattle Sector provides a bilateral mechanism to bring together government officials from Indonesia and Australia, the business and investment community, and relevant stakeholders associated with the red meat and cattle sectors.
The purpose of the Partnership is to synergize Australian and Indonesian strengths and potentials in order to develop the Indonesian cattle sector and improve joint competitiveness and prospects for long term investment and trade between Indonesia and Australia as part of a globally competitive supply chain in red meat and cattle.