The Pakistan Agricultural Research Council (Parc), Jiangsu Mingtian Seeds Science Technology Co. Ltd (JMSSTCL) and Four Brothers Group of Pakistan signed a memorandum of standing to this effect on Saturday.
According to the MoU, the research work carried out by of Parc and JMSSTCL will be exploited to develop agriculture sector in Pakistan and the joint venture company will play a key role in marketing and sale of certified seeds developed by the research institutions of the two countries.
The company will be governed by the Companies Act 1948, Government of Pakistan and relevant Chinese laws.
The joint venture company will also organise training programmes for farmers and provide agronomic knowledge to them. It will share with growers its field experiences for growing Bt cotton, rice, corn, etc.
Parc and JMSSTCL will coordinate their work to promote the development of hybrid cotton seeds, hybrid rice seeds, hybrid corn seeds and new varieties of oil seeds for Pakistan keeping in view the suitability of seeds for local conditions.
The MoU envisages development of different farming systems in Pakistan apart from introducing new seed varieties for different cropping areas.
Parc chairman Dr Zafar Altaf expressed the hope that coordinated efforts with the Chinese company would yield desired results to achieve maximum productivity in Pakistan.
The MoU between the three institutions is part of an agreement reached between the two countries to increase cooperation for development of agriculture sector.
China has already agreed to extend support to Pakistan in the fields of hybrid seeds development, introduction of modern agriculture technologies, water management, high efficiency irrigation and water pumping through solar technology.
The two countries signed another MoU for the promotion of drip irrigation in agriculture sector for the conservation of water.
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