As reported by the national news agency Antara, Sulaiman said with 1 million hectares of land, Indonesia can attract a lot of companies. One sugar factory may need 20 to 40 hectares with a capacity of 12,000 tonnes of cane per day (TCD).
He added that the government will not limit the number of domestic and foreign investors planning to build sugar plants in Indonesia. The goal is that the nation will have 20 to 30 new factories to ensure domestic consumption needs and promote exports.
According to Sulaiman, up to 3 trillion Rp (around 192.7 million USD) would be needed to build one sugar factory with a capacity of 12,000 TCD.
Indonesia's journey toward sugar self-sufficiency will still take a long time since sugarcane is an annual plant whose seedlings need to be cultivated in stages, the official noted./.