RUMINANT NEWS

CHINESE FIRMS SHOWED INVESTMENT INTEREST IN KP’S AGRI-LIVESTOCK SECTORS

HanGeng Agricultural Group and China Machinery Engineering Corp(CMEC) are exploring the agriculture and livestock sectors of Khyber-Pakhtunkhwa (KP) province for possible investment, reported by Gwadar Pro. This was stated by KP Board of Investment and Trade (KP-BOIT) CEO Hassan Daud. HanGeng Group is developing an agricultural industrial park in Gwadar Free Trade Zone to industrialize livestock and agriculture sectors in Pakistan. The park will have facilities for animal husbandry, a slaughter house and processing and packaging units for exporting livestock and agricultural goods from Pakistan. Dr. Hassan said that HanGeng Group’s GM Andy Liao discussed possibilities of establishing agricultural and livestock linkages and extending the red chillies contract farming to KP. He added the firm intends to procure animals from KP for export purposes after taking care of them at their husbandry in Gwadar. The firm is interested in purchasing animals and poultry of around 200 different breeds, the KP-BOIT CEO said. Other Chinese enterprises are also interested in investing in KP and their officials are visiting the province to identify potential areas for investment. He added that Chinese investors are aggressively looking around for investment opportunities after travel restrictions due to the COVID-19 have been lifted. They are taking a keen interest in KP because of its unique location including proximity to China, improved infrastructure and development of special economic zones, especially Rashakai SEZ of CPEC, he said. The Chinese enterprises are expected to bring huge employment opportunities in the agriculture and livestock sectors of KP, Dr. Hassan said.