Russia Agreed to Import Central Java Products with a Total Value of US$ 6 Millions
KOMPAS.com – Russia agreed to import various products from Central Java with a total value of US$ 6.161 million. The products consist of herbal medicine capsules worth US$ 5 million, carrageenan and jelly valued at US$ 5,000, furniture worth US$ 1 million, organic brown sugar worth US$ 100,000, and bamboo handicrafts worth US$ 6,000.
The agreement followed the signing of a Memorandum of Understanding (MoU) between Central Java and Russian businessmen during the Indonesia-Russia Business Forum event at the Ritz Carlton Hotel, Moscow, Thursday (1/8/2019).
Central Java Governor, Ganjar Pranowo, representing Central Java said that besides importing those products, Russian investors are also interested in allocating their funds in the industrial and infrastructure sectors. Investors, namely PT Asia Starch International and PT Dredolf Indonesia, are interested in investing in the Integrated Starch Industry with an estimated investment value of 1 billion Euros. There is also Evrascon which is interested in exploring infrastructure investment such as roads, airports, and ports in Central Java,.
Ganjar considered that the interest in Central Java products is not surprising as they have their distinctive quality due to condusive and available workforce with competitive wage. Also, Central Java has undergone several improvements such as the implementation of integrated licensing services, and reform of licensing regulations with an online system.
"Yesterday, we held the first rank in the national investment award " said Ganjar.
From Moscow’s export record, Ganjar admitted that Central Java's exports value to Russia has increased from US$ 23 million in 2017 to US$ 30 million in 2018. The most demanded commodities from Central Java are apparel, footwear, wood and wooden goods, knitted goods, and lighting furniture.
Ganjar hopes that during the festival which runs until August 4th, 2019, there will be more Central Java products that can be sold in Russia. He added, "We have a huge range of products, such as beans, coffee, furniture, organic brown sugar, biscuits and snacks, striated batik and others. We hope that these products will find their market here ".