A request has been given for a 10-year tax exemption by the developers and up to 80 percent control of the rice market in the country.
Rice is attracting a lot of interest from countries in the likes of the Philippines, India and China to come in and invest.
At the moment, PNG is importing about 350,000 tons of rice per year, which equates to something close to K600 to K700 million.
The Naime Rice project is requesting to have 80 percent of that market and 10 years of tax holiday.