This is Minister Trenggono's trick to combat the smuggling of lobster seeds from Indonesia

Published 2024년 6월 11일

Tridge summary

Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, is working to persuade Chinese and Vietnamese companies to invest in lobster seed cultivation in Indonesia in an effort to combat smuggling. He revealed a Chinese state-owned company's annual turnover of IDR 2,400 trillion from fry cultivation in Vietnam, highlighting the potential profits to be made. The ministry is planning to produce around 30 million lobster seeds monthly, charging IDR 3,000 per seed, which could generate IDR 900 billion annually. Despite these efforts, Trenggono acknowledges that smuggling may not be completely halted due to Indonesia's large size and limited monitoring budget.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Minister of Maritime Affairs and Fisheries (MenKP) Sakti Wahyu Trenggono revealed efforts to persuade China and Vietnam to invest in Indonesia regarding the cultivation of lobster seeds or fry. This is to suppress efforts to smuggle lobster seeds outside Indonesia. "There is a Chinese state-owned company, 98% of which is part of the container for cultivating fry from Vietnam, that is what we are attracting here. We are attracting investment here and have carried out a survey in the Riau Islands region (Riau Islands)," said Trenggono at the Working Meeting ( Working Meeting) with Commission IV DPR RI at the Parliament Complex, Jakarta, Tuesday (11/6/2024). He also revealed that the turnover obtained by the Chinese BUMN was as a source of proceeds from cultivating fry in Vietnam, which reached IDR 2,400 trillion a year. "Want to know what his turnover is (in) one year? IDR 2,400 trillion if converted into rupiah," he said. The investment plan began when the ...

Source: Cnbcindonesia