OREANDA-NEWS. October 27, 2014. Indonesia’s state-owned enterprises Minister, Dahlan Iskan, has announced the creation of a holding company for all state horticulture and forestry state enterprises, a move which it is hoped will improve efficiency and competitiveness.

The way ahead is to create a uniform policy framework for the various enterprises and strengthen the work ethic but this will not be easy because of the diverse nature of operations and management of the different enterprises, ITTO reported.

The new holding company will incorporate PT Plantation Nusantara (PTPN) I to PTPN XIV and its parent company PTPN III. The holding company also includes state forestry enterprises Inhutani I to V and the parent company PT Perhutani.

The total assets of the forestry state-owned enterprises and state-owned forestry plantation enterprises now brought into the holding company amount to Rp 72.6 trillion (plantation assets (Rp 69 trillion and forestry assets USD3.6 trillion).