DILI, 24 august 2023 (TATOLI)—Representatives of the Paragon Pacific Company from Indonesia conduct the meeting with the President of the Republic, Jose Ramos Horta, to discuss investment in plantations, agriculture, and forestry in Timor Leste.
PT Paragon is a Joint Venture Company, which consists of other foreign companies such as Indonesia, Singapore, China, and Malaysia.
“We thanked the President of Timor Leste, Ramos-Horta who received us to realize the meeting to inform our investment plans in the plantation, agriculture, and forestry sector. ,” PT Paragon Pacifica Representative Yudianto Tri told reporters after a meeting at the Presidential Palace Aitarak Laran Dili.
It was explained that several commodities were being prepared, namely sorghum commodities, sugar cane commodities, cassava commodities, and industrial hands commodities, which would require a minimum of 50,000 hectares of land in Timor Leste to invest.
“We are working with the China Agriculture Academy of Competitiveness, to get the best seeds from this commodity, we will carry out the planting in a modern way, and post-production harvesting in a sophisticated and modern way as well and we don’t just plant but we are preparing the production process because from sorghum we can make sorghum rice flour. Then from sugar cane we can get sugar from cassava we get cassava flour and also important are commodities such as bioethanol and methanol,” he explained.
PT Paragon Pacific is willing to invest in the forestry industry to utilize possible lands for abandoned plantations and can take advantage of productive plantations so that can benefit the Timor Leste’s economy in the future.
” We need 50,000 hectares of land, to invest in our plantation, it can be in Lautem Municipality or another place,”
According to Yudianto, the company will also open a factory in Timor-Leste by employing local workers, and the production will be utilized nationally and can be exported abroad as well.
During the meeting, the Head of State, Ramos Horta, strongly supported the investment plan, because it could provide benefits for the Timor – Leste’s economy in the future.
Journalist : Camilio de Sousa
Editor : Nelia B.
