JAKARTA (Yosefardi) – PT BISI International Tbk plans to expand to India next year, to build seed factory which will cost Rp50 billion.
BISI sells seed valuing US$5 million, equivalent Rp65 billion per year. In Asia, the import of seeds are largerly from China and India.
BISI targets its sales to grow by 22% to Rp1.75 trillion this year, after growing 30% year on year in the first quarter. It aims to book net profit of Rp344.59 billion this year, a 30% rise from 2015.