Joint Ventures(JV)

Monday 24 August 2009
Today, I read the Star and agree totally with our YAB Prime Minister when he said that RISDA, FELCRA, and FELDA should form a business consortium to carry out critical downstream activities. He said he was confident that the threeagricultural agencies could multiply their profits and eradicate poverty by working together. "The three remain separate but the projects can be carried out together through a consortium.
He further suggested that these agro aagencies could jointly set up a palm oil mill so that the oil palm fruits harvested at their plantations be sent at one processing centre to extract the oil, resulting in bigger economic profits for all. As a Prime Minister, YAB Datuk Seri Najib could see the macro outlook of strategic partnership, the economics of integrating facilities for the economic benefit of the stakeholders in such a joint venture. Afterall, it is for the ultimate aim of producing more palm oil for the country.
As a former government servant, I look forward to such innovative approach in national development. I am pretty sure such an idea never occurred in the minds of the CEOs of the agencies concerned because each Management is too busy trying to better their corporate performance, maybe solving problems at the micro level that they cannot see the macro side of things ie local joint ventures with sister organizations.. We need such Think Big ideas to benefit the rakyat.