JAKARTA (Indonesia Today) – Wilmar Group has proposed tax holiday to the government of Indonesia for its planned investment worth US$250.5 million in Gresik, East Java, Bisnis Indonesia reported this morning.
Harris Munandar, an official of Industry Ministry, said Wilmar will develop agriculture-based project for downstream petrchemical such as olefin and raw material for crude palm oil (CPO).
The project will be facilitated by Wilmar Elevance Pte Ltd through PT Asia Persada Indonesia.
Harris said the factory is targeted to opeate in 2016. (hans@theindonesiatoday.com)