The Indonesian government is restructuring three state-owned enterprises (SOEs) into a new entity, Agrinas. This initiative aims to strengthen the nation's food security and agricultural industry. The transformation involves PT Virama Karya, PT Yodya Karya, and PT Indra Karya, which are now renamed PT Agrinas Jaladri Nusantara, PT Agrinas Pangan Nusantara, and PT Agrinas Palma Nusantara.

Government Capital Injection and Financial Structure

To support Agrinas' operations, the government initially planned to inject state capital (PMN) into these companies. However, Coordinating Minister for Food Affairs Zulkifli Hasan clarified that Agrinas will not receive funds from the Ministry of Finance. Instead, Agrinas will be part of Danantara, the national investment management institution, and will receive its initial capital from Danantara's dividends.

Business Focus of Agrinas’ Subsidiaries

Each Agrinas subsidiary has a specific role in agriculture. Agrinas Pangan Nusantara will focus on high-carbohydrate food production such as rice and cassava. It will also establish rice milling and corn processing units. Agrinas Jaladri Nusantara will manage 20,000 hectares of fish farming land. Meanwhile, Agrinas Palma Nusantara will oversee palm oil plantations, with some of the production directed toward renewable energy development.

Government’s Strategic Plan for Agrinas' Development

The establishment of Agrinas aligns with Indonesia’s broader economic strategy. During a limited cabinet meeting led by President Prabowo Subianto, key ministers discussed Agrinas’ role in large-scale food and agriculture projects. The government plans to develop 1 million hectares of palm oil plantations, with 221,000 hectares prepared in the initial phase. Out of this, 145,000 hectares require rehabilitation, while the rest will be newly planted.

Leadership and Organizational Structure of Agrinas Palma Nusantara

Agrinas Palma Nusantara has formed its leadership team to oversee operations. The Board of Commissioners includes R. Wisnoe Prasetja Boedi as President Commissioner, with Wicipto Setiadi and Ulfah Masfufah as Commissioners. The Board of Directors consists of Agus Sutomo as President Director, Cucu Somantri as Director of Plantations, and other executives handling human resources, finance, business, construction consulting, and operations.

Agrinas’ Integration into Danantara for Economic Synergy

Agrinas will operate under Danantara to align its business strategy with national economic objectives. CEO of Danantara, Rosan Perkasa Roeslani, confirmed that Agrinas’ funding would come from Danantara’s dividends rather than government allocations. This structure is expected to enhance efficiency and optimize investment returns, supporting Indonesia’s long-term food security goals.

PHOTO: TEMPO/AGRINAS

This article was created with AI assistance.