Proterra Investment Partners Asia has initiated a blueberry cultivation project in partnership with Mekong Blue Singapore (MBS) and its subsidiary, Mekong Blue Laos, in the region of Paksong, Laos. This collaboration involves a team of professionals from China's berry industry aimed at establishing a high-quality, export-oriented production facility.
The investment is facilitated through the Proterra Asia Food Fund 3 (PAFF3), broadening Proterra Asia's geographical influence in Southeast Asia. The endeavor follows a prior investment in Lanna Agro Industry, noted as Thailand's leading exporter of frozen edamame, marking it as the 14th strategic move under PAFF3.
Aside from its commercial objectives, Mekong Blue Singapore plans to contribute to rural development by creating job opportunities and skills development for local communities. Proterra Asia aims to support MBS by leveraging its regional distribution network and implementing strong corporate governance frameworks.
Tai Lin, managing partner at Proterra Asia, commented, "This is our first investment in Laos and a natural extension of our strategy to build high-quality, export-focused food businesses across Asia. The opportunity in fresh berries is growing, and Laos offers the right mix of climate, location, and potential to support long-term development."
Source: IPE
