Syngenta, a Switzerland-based agriculture company, has agreed to invest $1.4 billion in Pakistan. The firm is considered to be an expert in crop protection, and they are a third largest company in seeds business worldwide.
This firm wants to ensure that the food security in Pakistan by supporting small and medium farmers with modern ways of farming.
Tina Lawton Head of Syngenta for Asia-Pacific Region has visited Syngenta’s R&D facility near Lahore to review operations of the company and understand Pakistan’s agriculture market and how to support further development in the country.
For better understanding and to obtain the insights on the market, she also meets with Syngenta franchisees and farmers and discussed technology currently deployed in Pakistan and the importance of using it.
Syngenta’s transition of new ownership to ChemChina will not affect its status, said by the company and it will continue to focus on long-term annual investment over $1.4 billion in research and development in Pakistan.
After the visit of Lawton, the company has decided to invest in Pakistan given the Limitless potential of its agriculture sector.
The company also hopes to transform share of agriculture sector in Pakistan and make it self-sufficient economy to meet its food requirements through new technology and products.