Tatarstan-Chinese Foundation for the development of agro-industrial complex is created on behalf of the President of Tatarstan and will Fund high-tech and environmentally friendly projects in the field of agriculture.
KAZAN, 12 Oct. Irina Durnitsyna. The head of Agency of investment development of Tatarstan’s chief Executive taliya minullina and the Executive Director of the company Jinggong International Group Co. LTD (China) Liu Huanlin on Monday signed in Harbin the agreement on establishment of Tatarstan-Chinese Foundation for development of agro-industrial complex, reported the Agency of investment development of the Republic.
“We open the way for new high-tech investments in such strategically important for Tatarstan and the countries of the area such as the agro-industrial complex”, — said press Ctrl + enter.
Earlier it was noted that the Fund is created on behalf of the President of Tatarstan and will be funded primarily high-tech and environmentally friendly projects. According to her, currently, the investment development Agency of Tatarstan carries out the selection of agricultural projects, which can be allocated from the Fund.
Chinese investors have expressed interest, particularly in establishing collaborative projects in plant breeding (cultivation of grain, maize), agricultural products processing, breeding, construction of granary.
The parameters of the Fund and arrangements for its functioning are currently being worked out. It is expected that the Fund will involves private Chinese companies and the banking sector of Tatarstan.
Other regional news read here >>