RM1bil cash crop project to restore Felda financially

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KUALA LUMPUR: The Agriculture and Agro-based Industry Ministry will undertake a RM1bil cash crop project in collaboration with the Economic Affairs Ministry to help restore Felda’s financial health within five years.

Its minister Datuk Salahuddin Ayub said the decision was made during the National Physical Planning Council meeting on Thursday with Economic Affairs Minister Datuk Seri Azmin Ali who tabled the new approach.

“The ministry has the expertise through agencies such as Mardi the and Fama , which will take on the role of helping Felda and making the cash crop concept a success,” he told reporters after a town hall with the ministry’s customers here yesterday. On April 10, Azmin tabled the Felda White Paper themed ‘Towards Felda’s Sustainability’ in Parliament, which explained the issues faced by Felda and its restoration plan to safeguard the interests of its settlers.

 

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