Jakarta - ID FOOD, the official holding of state-owned food enterprises, targets revenue this year to reach Rp17 trillion, growing by around 8% from the previous year's realization of Rp16 trillion.

"In 2023, ID FOOD plans a second wave of transformation (second wave transformation) in various sectors it manages," said Main Director of Food Holding ID FOOD Frans Marganda Tambunan in a written statement in Jakarta, Wednesday (25/1).

According to Frans, ID FOOD Group's transformation program includes starting from structuring the portfolio structure of subsidiary/sub-subsidiary companies through streamlining the ID FOOD Group business.

"We will transform the arrangement of the business structure of holding members in the sugar sector, logistics, trade through divestment and acquisition of several holding members," he explained.

In the fisheries sector, business development transformation will be carried out by develop