Brunei seasoning market attracts Indian FDI
BANDAR SERI BEGAWAN, June 5 (Xinhua) -- India is strengthening cooperation with Brunei in the food seasoning market, according to a local media report.
Atoll Agro & Cold Storage Sdn Bhd, a foreign direct investment (FDI) initiative led by an Indian entrepreneur, aims to reduce Brunei's reliance on imports and contribute to regional exports, news website Biz Brunei reported on Tuesday.
The project has reached a production capacity of 2 tons per day, and further investment and market expansion in Brunei will be pursued in the future, the report said.
Rajendrasinh A. Jadav, technical director of Atoll Group, said food security has become very important for all countries, and Brunei also wants to ensure self-sufficiency within the country to meet the population's needs.
"We are starting with seven products, including tomato ketchup, chili sauce, soy sauce, Korean sauce, and some premium products," he said.
Brunei is located in the northern part of Borneo Island in Southeast Asia and is rich in oil and natural gas resources.
In recent years, the Brunei government has actively attracted FDI to promote economic diversification, with agriculture, food, digital economy, and tourism emerging as key development sectors.
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