Syngenta to invest $1.4bln in Pakistan

KARACHI: Syngenta Pakistan, a Switzerland-based company, dealing in premier crop protection and the third largest seeds business, announced to support small and medium growers to take up modern ways of farming, with the primary objective to ensure food security in the country, a statement said on Wednesday.

Tina Lawton, Syngenta’s head of Asia-Pacific Region, made her first visit to Pakistan and toured Syngenta’s research and development facility near Lahore to review Syngenta’s operations and understand the Pakistan agriculture market and how to support its further development, it added.  She also met Syngenta franchisees and farmers to get insight on the market; whereby, assuring them Syngenta’s commitment to Pakistan and upholding its long tradition of 50 plus years presence in the country.  She also discussed the modernisation of the Naya-savera Franchise model with the use of latest pioneering technology.

Lawton said that Syngenta’s transition of new ownership to ChemChina will not affect its status as a Swiss company and it will continue to focus on long-term investment through over $1.4 billion annual investment in research and development in Pakistan, the statement said.

Lawton’s visit proved extremely fruitful and truly demonstrated the Syngenta’s commitment to improve the life of farmers. Syngenta is all geared up to transform the agriculture sector of Pakistan, making it a self-sufficient economy to meet its food requirements by bringing in new technology and products, which will cater to the needs of the ever-growing agriculture industry in Pakistan, it added.