The Chinese have decided to invest $400 million in agriculture of Tatarstan

The unitary enterprise “the Republican agroindustrial centre of investments and innovations” (RATSIN) of Tatarstan and the Chinese company Sichuan Zhonh Zhi Shenghe Performance Co. Ltd was signed on Wednesday, may 4, Memorandum on the financing of agricultural project in the Republic, which total amount is estimated at $400 million this is stated in the message of RACIN published on the website of the centre.

The signing of the Memorandum took place within the framework of the visit to Tatarstan of the delegation of the Chinese province of Sichuan in the framework of the business forum “Tatarstan — Sichuan”.

The report notes that we are talking about the “project of establishment demonstration farms in the area of 10 thousand hectares, the construction of a dairy farm to 3 thousand dairy cows, breeding beef cattle to 5 thousand heads and construction of greenhouses with an area of 54 ha.”

Deputy General Director of RACIN Anwar Mavlanov said TASS, the project will include a livestock complex, fields for growing feed and greenhouses. “There will be dairy farms, greenhouses, crop, let’s grow food — soybeans and corn”, — quotes Agency of his word.

The Agency adds that the forum “Tatarstan — Sichuan” attended including Secretary of the party Committee of Sichuan Wang Dongming and the Prime Minister of Tatarstan Ildar Khalikov.

At the opening of the forum Khalikov noted that the Republic is one of the leading and industrially developed regions of Russia and is ready to become a connecting link in the extension of relations of Russia and China. “We are absolutely confident that at the present stage can give a new impulse to development of mutual relations”, — quotes its words “RIA Novosti”.

The Minister of industry and trade of Tatarstan albert Karimov, in turn, reported that in 2015 the trade turnover between Tatarstan and China amounted to $264,3 million, noting that there is considerable potential for the development of mutually beneficial cooperation and increase trade turnover.