FOR IMMEDIATE RELEASE
GERAKAN EKONOMI MALAYSIA - GEM
PRESS RELEASE
Gerakan Ekonomi Malaysia (GEM) aims to leverage on the knowledge, expertise and past successes of MARDI Corporation, the wholly-owned subsidiary of the Malaysia Agricultural Research & Development Institute (MARDI), in the effort of revamping the nation’s agriculture sector.
1. On March 26, GEM and MARDI Corporation signed a Memorandum of Understanding to establish the terms and conditions in establishing mix-farming estate(s) for production of crops. The ceremony was witnessed by former Prime Minister YB Tun Dr Mahathir Mohamad.
2. The concept, which involves the amalgamation of agriculture land to be utilized for mixed farming on a big scale will be carried out with the support from MARDI in the areas of production of mix farming crops.
3. MARDI Corporation will advise on the concept, mechanism and forecast revenue of the best mix crops and seeds to ensure the best return.
4. GEM on the other hand would focus on identifying the suitable land areas and financing arrangements for the said purpose.
5. During the signing ceremony, Armin Baniaz Pahamin, GEM President amplified GEM’s intention to professionally operate and adopt the latest technology through a Cooperative to optimize crops production and to pilot test the concept on at least 1,000 acres of land.
