MoU Signed To Strengthen Sino-Pak Coop In Buffalo Business.

Royal Group, China, and JW Holdings, Pakistan, in the spirit to enhance cooperation in buffalo business between the two countries, signed a Memorandum of Understanding (MoU) as a side event of the 2022 China International Fair for Trade in Services (CIFTIS), China Economic Net (CEN) reported on Sunday.

According to the MoU, the two companies will deepen cooperation in buffalo farm building, buffalo dairy products deep-processing and other related projects.

'We and JW Holdings will jointly invest USD 100 million, to develop buffalo breeding and buffalo milk and meat products processing industry in Pakistan, build a number of modern large-scale buffalo disease-free pastures, dairy processing plants and slaughterhouses, and jointly promote and sell buffalo milk and meat products produced in Pakistan to ASEAN countries and the Middle East region,' said Teng Cuijin, deputy president of Royal Cell Biotechnology Corp., while taking an exclusive interview with CEN.

Also, 'we will deepen cooperation in research and development of buffalo germplasm, standardized feeding and deep processing of dairy products,' she told the reporter, adding that Royal Group has accelerated the implementation of its cooperation project with Pakistan's buffalo business since 2021.

As per Teng, the project is based in Punjab, one of Pakistan's major agricultural provinces that enjoys a similar climate with south China's Guangxi Zhuang Autonomous Region, in which Royal Group is based.

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