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Old 9th July 2012, 08:07 PM   #4
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Default Indonesia Prepares Four Regions for Australia’s $100 Million Cattle Investment

Indonesia Prepares Four Regions for Australia’s $100 Million Cattle Investment

source :

July 09, 2012

The government said on Monday it was preparing four regions to host Australian cattle farms following Australia's pledge to invest $100 million in Indonesia’s cattle industry.

Coordinating Minister for the Economy Hatta Rajasa said the regions included Sumba in West Nusa Tenggara, Wingapu in East Nusa Tenggara, West Papua and Papua.

“Those regions are already familiar with animal farming, especially cattle and horse farming,” Hatta told in Jakarta.

Hatta said 100,000 hectares had been allotted for the new ranches; the first 10,000 hectares are expected to be opened this year in Wingapu and Papua.

The minister said the funds from Australia would be used primarily to develop related infrastructure for the farms.

Hatta added that Brazil had also expressed an interest to invest in Indonesia’s cattle industry, although they had yet to pledge a specific amount. The minister said the government was eager to direct Brazilian investors to develop cattle farming in Indonesia's eastern regions so as to support economic developments in those areas.

Hatta’s announcement came just a week after a meeting between President Susilo Bambang Yudhoyono and Australian Prime Minister Julia Gillard in the Australian city of Darwin. The two leaders agreed — among other ambitious pledges — to join hands in boosting investment in Indonesia’s budding cattle industry.

Yudhoyono said earlier that Indonesia hopes to develop its food independence by reducing cattle exports from Australia. The president said Indonesia absorbed 43 percent of Australia’s live cattle exports.

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