Agrinas Chief Executive Joao Angelo De Sousa Mota Reuters | 30 September 2025Indonesia's state farm company to invest nearly $500 million to boost rice outputBy Gayatri Suroyo and Ananda TeresiaJAKARTA, Sept 30 (Reuters) - Indonesia's newly-launched state farm company plans to invest 8 trillion rupiah ($479 million) until the end of next year to build production capacity by buying modern farm equipment and adding rice mills, its chief executive said on Tuesday. Launched in May with the task of boosting rice output to attain President Prabowo Subianto's ambition for Indonesia to become self-sufficient in the staple, Agrinas Pangan Nusantara was formerly a state-owned construction services firm. "When we invest using state money, we have to calculate how to make this system work and succeed," Mota added. Asked how much the investment would be, he replied, "Eight trillion rupiah," or the equivalent of $479 million. The company hopes to boost its rice output capacity to 4 million metric tons a year, said Mota, a longtime friend of Prabowo.