11/03/2011

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MALAYSIA: RISDA plans to venture overseas

"RISDA will send a delegation to countries with potentials for rubber plantation to see if we can go in there.

"But we will first have to look at the law whether we can do this," he told reporters after handing over contributions to non-governmental organisations and handing over RISDA replanting assistance scheme, in Narang.

He said RISDA would not rush into the venture, saying that what was important was to ensure the viability of such undertaking.

The fact-finding mission would take place next year, he said, adding that the agency would then brief the prime minister on whether there was potential for such project.

Meanwhile, he said RISDA allocated RM157 million from its own fund and from government allocation for the replanting scheme covering an existing area of 51,000 hectares and new areas of 3,000 hectares.

With the increase in areas for rubber plantation, the government targeted a production of 1.8 million tonnes of rubber a year from 1.1 million tonnes at the moment, he said.

Source: Bernama (Malaysian National News Agency), Kuala Lumpur; 3 Nov 2011

(Syed Rashid Ali, Karachi, Pakistan)

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