Jakarta (ANTARA News) - Agriculture Minister Anton Apriyantono said on Friday investment in the agricultural sector grew rapidly last year with domestic investment jumping to Rp9.2 trillion and foreign investment doubling to US$848.7 million from a year earlier.
In the first eight months of 2006, domestic investment grew 30.6 percent and foreign investment 9.1 percent compared to the same period last year, he said.
In addition, the number of domestic and foreign investment projects approved in the January-August 2006 period also rose 38.64 percent and 87.63 percent respectively, he said.
"This means that the Agriculture Ministry`s policies have been able to create a conducive investment climate in the agricultural sector," he said.
He said domestic investment in the agricultural sector more than doubled to Rp4.3 trillion in 2005 from Rp1.9 trillion in 2004. The figure further moved up to Rp9.2 trillion in 2006.
Meanwhile, foreign investment climbed 127 percent to US$461.8 million in 2005 from US$208.3 million the year before. In 2006, foreign investment in the agricultural sector reached US$848.7 million.
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