Jakarta (ANTARA News) - The Government of Indonesia has opened wide opportunities for various parties to invest in the countrys livestock sub-sector, Director General of Animal Husbandry and Animal Health at the Ministry of Agriculture I Ketut Diarmita stated.
"To encourage the business community to invest, the government has issued various regulations," Diarmita noted in a written statement to ANTARA here on Tuesday.
According to Diarmita, the government has been striving to increase the population of domestic beef cattle by boosting the related budget.
However, he acknowledged that relying heavily on the governments budget for the livestock sub-sector will be inadequate and not a wise option.
Due to the higher budget burden, the government has to finance the overall development of the sector. Hence, it has encouraged the private sector to contribute to the development of sub-sectors through investment and development of partnerships.
"The livestock sub-sector needs support from all parties, not only from the government but also from the private sector and society," he stated.
Diarmita explained that in order to encourage investment, the government has facilitated, through both regulation and deregulation, such as Presidential Regulation No. 44 of 2006 according to which the business of cattle farming, both cut and dairy, is open to both local and foreign investors.
Source: ANTARA News