Islamabad: In a significant move aimed at revolutionizing Pakistan’s
chili industry, LTEC International Agriculture Development Co., Ltd. and Wiztec Food Solutions (Pvt) Limited have signed a Memorandum of Understanding (MOU). Spearheaded by Huang Pei and Shoaib Awan, this partnership capitalizes on LTEC’s agricultural expertise and Wiztec’s prowess in dehydration services.
The signing ceremony, held in Islamabad, was attended by
distinguished guests including Mr. Yang Guangyuan, Minister
Counsellor from the Embassy of China; H.E. Madam Naghmana
Hashmi, Former Ambassador of Pakistan to China and EU; and Mr.
Akaml Siddique, Technical Advisor, Ministry of National Food Security & Research. Also present were key figures from the involved companies, including Mr. Hassan Raza, Managing Director of PCICL; Mr. Duan Hongjun, CEO of LTEC; and Ahmad Farman, AVP Business Development at Wiztec.
Renowned for its pioneering Chinese Chilli Contract Farming project, which serves as the flagship initiative of the second phase of the China Pakistan Economic Corridor (CPEC), LTEC aims to facilitate Pakistani businesses’ access to the expansive Chinese market and strengthen economic ties between the two nations. Now, LTEC joins forces with Wiztec Food Solutions, a leader in dehydration services, to the industrialization and modernization of chili production in Pakistan.
Wiztec Food Solutions operates Pakistan’s largest food-grade
dehydration plant, powered by renewable energy. Their innovative
high-pressure steam dehydration process, complemented by
continuous conveyor belts and conditioning, preserves flavor and
color better than traditional methods. Wiztec enjoys robust support
for research and development, scalability, and product quality
enhancements as a subsidiary of Almoiz Industries, a prominent
agribusiness group.
Under the collaborative agreement: Wiztec will streamline the dehydration process of fresh chilies, ensuring efficiency in processing.
Both entities are committed to a substantial increase in business
volume over the next five years, aiming for up to 50,000 tons.
Huang Pei, LTEC’s Commercial Head, expressed enthusiasm about the partnership, stating, ‘We are thrilled to embark on this journey to modernize Pakistan’s chili industry. Our collaboration with Wiztec Food Solutions signifies a significant milestone in our mission to revolutionize agricultural practices in the region."
Shoaib Awan, Business Unit Head of Wiztec Food Solutions, echoed
this sentiment, emphasizing their joint commitment to innovation and sustainability.
He stated, ‘This collaboration underscores our
dedication to agricultural innovation and sustainability. Together with LTEC, we aim to enhance productivity and profitability for farmers while meeting the growing demands of the market’
Effective immediately, this MOU heralds a new era of collaboration in Pakistan’s agriculture sector, promising sustainable growth and
innovation. With a five-year duration and provisions for extension,
the agreement lays a robust foundation for mutual success.
BN Report
