Mr Apisit Rujikeatkamjorn shakes hands with Dr Sthabandith Insisienmay after they signed a land concession agreement last Tuesday.

Officials from the Ministry of Planning and Investment and Lao Agro Tech Public Company gather at the signing ceremony on Tuesday.

Lao Agro Tech Public Company inks deal on industrial plantation in Saravan

The government has given the green light to the Lao Agro Tech Public Company to carry out an industrial plantation project in Ta-oy and Samuay districts in Saravan province.
An agreement granting the company a concession on land in the area was signed on Tuesday at the Ministry of Planning and Investment by Deputy Minister of Planning and Investment Dr Sthabandith Insisienmay and on the part of Lao Agro Tech Public Company by the Chairman of the Executive Council, Mr Apisit Rujikeatkamjorn.
The two sides aim to develop the economy of the Lao PDR and to promote the development of agriculture and forestry for the production of more raw materials.
This is in response to the needs of industry in Laos and the production of goods for domestic sale and export.
The Lao Agro Tech Public Company is listed on the Lao Stock Exchange and has expertise in agriculture and manufacturing. The company’s policy is to push for the use of agricultural products as renewable energy sources, such as for supply to biodiesel plants.
The company also focuses on providing more work for farmers and generating income for local communities through business links.
So far, Lao Agro has purchased produce worth more than 19 billion kip from farmers.

Through the industrial plantation project for which it has just signed a contract, Lao Agro Tech Public Company aims to make the Lao People’s Democratic Republic truly a power source of ASEAN.

By Advertorial Desk
 (Latest Update May 29, 2023)