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Home Feature News

East Kutai Taruna Bina Mandiri Cooperative bags a transaction agreement of US$1m with 3 foreign investors

Products from Bima Mandiri Taruna Cooperative in Kaubun District, East Kutai Regency are in demand by 3 investors from South Korea, Qatar, and Dubai.

Haris Sunandar by Haris Sunandar
November 8, 2023
in Feature News, GovAct
0
Representatives of East Kutai Taruna Bina Mandiri Cooperative at Trade Expo Indonesia. Image: East Kutai Communication and Informatics Dept.

Representatives of East Kutai Taruna Bina Mandiri Cooperative at Trade Expo Indonesia. Image: East Kutai Communication and Informatics Dept.

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Heaptalk, Jakarta — Taruna Bina Mandiri (TBM) Cooperative, which originates from Kaubun District, East Kutai Regency, has succeeded in establishing collaboration with three foreign investors with a contract value of Rp17 billion approximately US$1 million (US$ equals Rp15,644).

This collaboration was obtained when the TBM Cooperative participated in the Trade Expo Indonesia at ICE BSD Tangerang, Banten, last October and continued by participating in similar activities in Dubai, UAE. “Thank God, our products are in demand by investors from South Korea, Qatar, and Dubai with total contracts of around Rp17 billion,” said the Chairman of the Taruna Bina Mandiri Cooperative Priyanto.

According to him, a number of TBM’s flagship products succeeded in attracting the interest of entrepreneurs who attended the international trade exhibition. TBM Cooperative products that are in demand at the trade exhibition include savory fish crackers amplang, banana chips, and salted fish. One of the TBM Cooperative’s superior products, a local variety of bananas kepok grecek, is also included in the trade cooperation contract.

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“We are ready for the raw materials. For example, salted fish is in Muara Ancalong, banana chips are in our assisted MSMEs which are ready to support us in Kaubun, and amplang production needs to be increased further,” Priyanto explained.

Although the transactions are relatively small on the scale of international trade, Priyanto expressed his gratitude for this achievement. He is optimistic that with optimal efforts and supported by improving product quality, East Kutai will gradually become increasingly known and taken into account in international trade.

“This is also an extraordinary achievement for us, considering that this is our first time taking part in this event. We were selected by Bank Indonesia East Kalimantan Representative,” Priyanto. (Translated by Sinta)

Tags: east kutaitaruna bina mandiri cooperative east kutaitbm cooperative east kutai

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