BAKU, AZERBAIJAN: Private firms and government-owned companies such as Khazanah Nasional Bhd are encouraged to invest in large scale fruit and vegetable farming to reduce the nation’s food import bill, which has almost touched RM60 billion.
Prime Minister Tun Dr Mahathir Mohamad as quoted in Bernama said currently, major firms were only focusing on large scale oil palm and rubber plantations, of which its commodity prices were exposed to market uncertainties, adding that fruit and vegetable farming had lots of revenue potential.
Asked if the Government would encourage Khazanah Nasional to invest in the vegetable farming sector, and not just focus on investments abroad, Dr Mahathir said there would be no objections if Khazanah was keen.
He added Khazanah shifted their focus (to investments abroad) due to the not encouraging domestic (investment) climate, not to mention the not encouraging previous leadership as well.
The premier said private firms were encouraged to get involved, as large amount of investments were needed if the Green Tech Farm model was to be emulated.