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ETP ANNUAL REPORT 2011
EPP 15
This initiative aims to attract foreign direct investment in
Agricultural Biotechnology to benefit the industry in multiple
areas and to develop highly-skilled human capital. BiotechCorp
was tasked with formulating packages to attract foreign direct
investment and encourage domestic direct investment into
this sector.
Achievements
Participation of MNCs
In the area of domestic direct investment, BiotechCorp secured
investments from Sabah Softwood Hybrid Fertiliser, a jointventure
company between All Cosmos Industries Sdn Bhd
(Taiwan) and Malaysian-based Sabah Softwood Bhd. The bioorganic
fertiliser plant will operate in the Lahad Datu Palm Oil
Industrial Cluster (POIC) with a total investment of RM50 million.
EPP 16
This EPP aims to secure supply of beef and cattle for local
consumption and breeding at more profitable locations by
encouraging the private sector to acquire stakes in foreign cattle
companies. The project depends entirely on private investments
of RM1.3 billion for over a 10-year period.
Achievements
To date, three companies are participating in this EPP:
Exhibit 11.11
196
Moving Forward
The construction of the fertiliser plant is scheduled for
completion in 2012. In continuing the programme, BiotechCorp
needs to secure RM250 million in foreign and domestic direct
investments in agriculture biotechnology for 2012, as well as
ensuring the setting up of at least three more multinational
companies by 2020.
Overseas Acquisition/JV of Cattle Farms
Company Foreign Location Investment (RM mil)
SEDC Sarawak Australia 42
Ternakan Kamran Sdn Bhd Australia 1.1
Bumi Yadanar Sdn Bhd Myanmar 0.5
The ministry targets to secure more players to achieve the
investment and GNI targets set for 2020.
Moving Forward
The target for 2012 is to generate RM42 million in revenue from
the overseas ventures.