$ 100 million allocates to the Tatarstan-Chinese agro industrial development fund

Today in Beijing was announced the creation of the Russian-Chinese Fund, from where $ 100 million will be allocated for the financial pool of Tatarstan-China agro industrial development fund.

This was announced today at the 7th session of China Foreign investment fair COIFair 2015, held in the capital of China.

  "Chinese investment fund with a capital of US $ 10 billion will become "mother": on its base will be created 2 funds. One of them - the Chineses-Argentine fund.

The most important here - the Russian-Chinese investment fund with $ 3 billion. It was decided that the $ 100 million of it will be allocated to the Tatarstan-Chinese development agro industrial fund. It is planned to increase funding", - said Tatarstan Investment Development Agency (TIDA) Chief Executive Taliya Minullina participating in COIFair 2015.

"TIDA together with the regions of Tatarstan forms the list of investment proposals, and then we will present the Chinese side projects for financing. Currently criteria of investment projects are developed for which funds will be allocated", - said TIDA Chief Executive.

Earlier, on October 12 in Harbin, an agreement was signed on the establishment of Tatarstan -Chinese agro industry investment fund.

Document was signed by Tatarstan Investment Development Agency Chief Executive Taliya Minullina and Jinggong International Group Co. LTD (China) CEO Liu Huanlin.

90 percent of the pool will fill the Chinese side, 10 percent will come from Tatarstan.

In particular will be implemented joint projects in crop production, cultivation of grain, corn, agricultural products processing, animal husbandry and construction of granaries. It is a high and environmentally friendly technologies in agriculture.

TIDA Press Service