Doing business in PNG is challenging, especially during these trying economic times.
Economist by profession and board member of the Hargy Oil Palms Limited, Sir Brown Bai, says creating a lucrative economic environment, conducive for investments, is vital.
Sir Brown admitted that PNG needs and requires investment.
The agricultural sector must look towards developing world class operations in the country.
Sir Brown used Hargy Oil Palms and sister company, New Britain Palm Oil, to reaffirm his statement.
“Hargy and sister company NBPOL are not just agricultural companies. They are world class companies and remarkable contributors to the agricultural sector and economy,” said Sir Brown.
He added their contribution of K2 billion in exports to the government’s revenue shows what other commodities can achieve as well.
“They have demonstrated to the agricultural sector that you can actually excel the way oil palm has.”
Sir Brown further stated that the oil palm industry looks promising for the country and is a sustainable commodity that deserves support by the government.
“Support should be accorded for two reasons; income generation and employment opportunities, overall, for growth purposes.”
He said partnerships with world class operators is important for this.
(Sir Brown Bai - Board Member-Hargy Oil Palms Ltd)