Pakistan Urged Indonesia to Establish JVs for Palm Oil Production – Research Snipers

Pakistan Urged Indonesia to Establish JVs for Palm Oil Production

Ahmed Hassan Mughal—the President of Islamabad Chamber of Commerce and Industry has asked Indonesian investors for establishing joint ventures in Pakistan for the palm oil production and processing for helping to decrease the nation’s import bill.

While exchanging view with Winsu Suryo Hutomo—the Head of Economic and Commercial Department—Indonesian Embassy, the president of ICCI said that the palm oil import of Pakistan has seen a surge of twenty-three per cent during the first half of 2017-18, emphasizing that Indonesia should work with Pakistan in cooperation for boosting the local production of this item.

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While talking on the occasion, Winsu Suryo Hutomo said that Indonesia is all set to provide cooperation to Pakistan in the cultivation of high-producing palm plants along with the establishment of oil refineries for meeting its local requirements. He said besides the joint ventures in the production and processing of palm oil, the making and production of high-value palm oil products would also be ensured in Pakistan.

He added that Pakistan was the exporter of rice while there was an extensive demand for Pakistani Kinnow and mangoes in Indonesia. He further said that both countries should focus on a regular basis exchange of trade delegations for further strengthening the bilateral ties.

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