Indonesia beckons for Felda Global Ventures

Mohd Emir (pic) told StarBiz that the FGV plantations in Indonesia had not started producing any fresh fruit bunches yet.

KUALA LUMPUR: The proposed laws to restrict foreign ownership of plantations in Indonesia is not a deterrent to Felda Global Ventures Holdings Bhd’s (FGV) plans to expand its operations in that country.

FGV group president and chief executive Mohd Emir Mavani Abdullah said the group would continue to expand its plantations in Indonesia through acquisitions and additional planting in its existing plantations this year.