Observer Report Beijing
China’s agriculture company eyes industrial cooperation with Pakistan in development of chilli industry, according to China Economic Net.
“Pakistan is a resource-rich country, while we got resources and experience in manufacturing and industry management. It would be a good complement.
That’s why we’re gonna invest in chilli industry in Pakistan,” said Li Zhimin, chairman of Qingdao Lulu Agricultural Equipment Co., Ltd., China.
According to CEN, Mr. Li as business representative from Jiaozhou, Qingdao met with a delegation led by Pakistani Ambassador to China Moin-ul-Haque in April when 2021 SCO International Investment and Trade Expo & SCO Qingdao Forum on Local Economic and Trade Cooperation was held.
Both sides carried on discussions on chilli cooperation and bilateral investment and finalized the details of the company’s future investment in Pakistan and reached a strategic cooperation agreement.
According to Qingdao Lulu Agricultural Equipment Co., relevant departments of Pakistan and it will jointly construct a “Pakistan China chilli Industrial Park”.