Innovative Agro Industry Limited

PBF Agro Business has plans to start off with an egg production facility.

The Sogeri Plateau, just outside Port Moresby, will be turned into a food production hub.

According to Pacific Balanced Fund Agro Business CEO, Jerry Kootz Simon, the objective of this proposed venture is to strengthen efforts in promoting food security and investment into an asset for unit holders in Pacific Balanced Fund.

The venture will include;

Polye said he was not talking down the country’s investment and the economy but was shedding a light on realities.

When commenting on the project, Polye said he would not be surprised to see this project as another scam to bleed taxpayers’ money.

He said when he was the Treasury Minister he budgeted K50 million for Sepik Plain under a commercialisation plan.