Danantara Stays Open to Agrinas Palma Investment, Says Rosan Roeslani
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JAKARTA, investortrust.id – Indonesia’s state-owned sovereign wealth fund, Danantara, is evaluating a proposal to invest in a palm oil plantation project managed by PT Agrinas Palma Nusantara, a government-backed agricultural company, according to its CEO Rosan Perkasa Roeslani.
While stopping short of confirming the investment, Rosan said Danantara remains open to proposals from government agencies, including the plan to develop state-reclaimed palm oil land. However, he emphasized that any investment decision would depend on whether a project meets the fund’s internal benchmarks and return expectations.
“We are open to proposals from ministries and sectors across the board. What matters is whether the project aligns with the criteria and parameters we have set,” said Rosan during a media briefing at his residence in Jakarta on Tuesday, April 1, 2025.
Danantara, he added, evaluates potential investments based on projected returns, job creation, and their potential to support downstream industrialization in Indonesia. “We conduct a comprehensive, concurrent analysis and evaluation of all aspects,” he said.
Awaiting BUMN Share Consolidation
Rosan, who also serves as Minister of Investment and Head of the Investment Coordinating Board, said Danantara is currently finalizing the consolidation of state-owned enterprise (BUMN) shares into its portfolio. Once completed, the sovereign fund will gain greater flexibility in strategic investments.
“We hope the process proceeds smoothly at Danantara, with a positive momentum throughout,” Rosan noted.
He reiterated that maintaining market confidence in Danantara’s performance is a top priority. The fund’s management, Rosan stressed, would adhere to principles of transparency, accountability, and integrity.
“By doing so, we ensure that the positive market sentiment around Danantara will continue to grow,” he added.
Agrinas Palma Secures Reclaimed Palm Oil Land
PT Agrinas Palma Nusantara was recently entrusted with managing over 438,866 hectares of reclaimed palm oil land as part of a broader state initiative led by Indonesia’s Forest Area Control Task Force, known as Satgas PKH. The land is part of a larger 1.17 million hectare reclamation target aimed at optimizing the use of forest zone areas previously occupied by companies without proper permits.
At a press conference on Monday, March 10, 2025, Agrinas Palma Nusantara President Director retired Army Lieutenant General Agus Sutomo appeared alongside Special Crimes Deputy Attorney General Febrie Adriansyah and Army Deputy Chief of Staff Lieutenant General Richard Tampubolon, confirming the company’s role in the energy resilience initiative.
Defense Minister Sjafrie Sjamsoeddin signaled strong government backing for the project. He confirmed the area—reclaimed through Satgas PKH’s operations—would be utilized under strict oversight, ensuring compliance from Agrinas Palma.
“We will proceed with the process,” Sjafrie stated at a handover ceremony on Wednesday, March 26, 2025. “We won’t abandon these projects as long as obligations are fulfilled.”
The minister added that Agrinas Palma would cooperate with PT Perkebunan Nusantara (PTPN), a major state-owned plantation firm, to ensure proper and productive management.
“Agrinas Palma must be ready with strong leadership and management to ensure productivity increases, not declines,” Sjafrie said.