Chinese company will invest $10 million in pepper processing in Andijan

The Chinese company Xinjiang Tian Jiao Hong an Agricultural plans to invest $10 million in pepper processing in the Andijan region. This was reported by Spot with reference to the press service of the regional khokimiyat.

On September 23, the khokim of Andijan region Shukhratbek Abdurakhmanov discussed with a representative of Xinjiang Tian Jiao Hong an Agricultural Co Ltd the implementation of an investment project for pepper processing in the region, estimated at $10 million.

It is expected that the launch of the project will provide annual exports of products worth $30 million.

To do this, the Chinese company was offered to enter into direct contracts with local farmers to grow pepper on an area of two thousand hectares. The purchase price of pepper proposed by the Chinese side is $1.1 per kilogram.

After the regional khokim got acquainted with the Chinese project, the initial stage of resolving the issue of bilateral cooperation began.