ISLAMABAD: On May 13, LTEC International Agriculture Development Co., Ltd., and Wiztec Food Solutions (Pvt) Limited announced the signing of a Memorandum of Understanding (MOU), heralding a milestone in their joint efforts to industrialize and modernize chili production in Pakistan. The agreement marks a step forward in boosting agricultural cooperation between Pakistan and China and further strengthens economic ties between the two countries.
Under the terms of the MoU, Wiztec will provide expertise in chili dehydration to ensure the highest quality standards are met for export to China. Renowned for its pioneering Chinese Chilli Contract Farming project, which is the representative project of the second phase of China-Pakistan Economic Corridor (CPEC), LTEC aims to facilitate Pakistani agricultural products’ access to the expansive Chinese market.
Both LTEC and Wiztec are committed to a substantial increase in business volume over the next five years, with a target of up to 50,000 tons of chili production. The partnership was spearheaded by Huang Pei, Head of Commercial at LTEC and Shoaib Awan, Head of Business Unit at Wiztec Food Solutions.
“We are thrilled to embark on this journey to modernize Pakistan’s chili industry.” said Peter. “Our collaboration with Wiztec Food Solutions signifies a significant milestone in our mission to revolutionize agricultural practices in the region.” “We are delighted to join hands with LTEC and bring our dehydration expertise to the chili production process in Pakistan,” said Shoaib Awan. “Together, we can create a sustainable and efficient chili production system that will benefit farmers, businesses, and consumers alike.” The ceremony was witnessed by Mr. Yang Guangyuan, Minister Counsellor from the Embassy of China, H.E. Madam Naghmana Hashmi, Former Ambassador of Pakistan to China and the EU and Mr. Akaml Siddique, Technical Advisor, Ministry of National Food Security & Research. –Agencies
