INDIA holds the potential to be a new priority destination for Malaysian plantation companies to expand their oil palm land bank after Indonesia as well as to establish ventures in the palm oil-related downstream activities and set up of biofuel plants.
Oilpalmworld Sdn Bhd director M.R. Chandran told StarBiz in Kuala Lumpur that local plantation players must seriously look at the importance of setting up their base “where the biggest consumer market is” for palm oil.
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