Deal #323
Malaysia
Created at
2013-02-15
Last update
2021-12-11
Last full update
2021-12-11
Materialized benefits for local communities
Materialized benefits for local communities
Community shares in the investment project, Other
Comment on materialized benefits for local communities
In general, the company's Vendor Development Initiative (“VDI”) continues to benefit both existing and new local
entrepreneurs. Aside from creating jobs for local communities by proactive recruitment of local talent, these local vendors have also helped open up the job market further. Moreover, the sale of local content has helped boost the local economy and enriched the surrounding communities. In the past five years between 2009 and 2013, the total contracts awarded to local vendors under this program amounted to more than RM54 million, creating opportunities for more than 100 local entrepreneurs. article: https://landmatrix.org/media/uploads/irchartnexuscomthplantationdocarar2013pdf.pdf