Guizhou SOE supports agricultural product enterprise development

Guizhou Guitianxia Tea Co and Guizhou Guangxiu Ecological Food Co signed a cooperation agreement in Guiyang on Aug 31. The agreement will promote the chestnut industry in Wangmo county, Qianxinan Bouyei and Miao autonomous prefecture.

Guizhou Modern Logistics Industry Group, a State-owned enterprise and parent enterprise of Guizhou Guitianxia Tea Co, will provide 20 million yuan ($3.1 million) in chestnut purchasing funds to Guizhou Guangxiu Ecological Food Co through supply chain finance.

Guizhou Guangxiu Ecological Food Co, based in Wangmo county, was selected as a rapidly growing company and is receiving provincial cultivation support. It focuses on the deep processing of chestnuts and makes chestnuts a main industry in Wangmo county.

Wangmo has planted 272,000 mu (18,133.33 hectares) of chestnuts and helped 75,600 people increase their incomes. Wangmo's chestnuts are recognized as national geographical indication products and organic food, and Guizhou Guangxiu Ecological Food Co's "Duoji Chestnut" brand has been designated a provincial well-known brand.

Guizhou Modern Logistics Industry Group aims to give full play to its strengths and achieve win-win cooperation with rapidly-growing companies while also helping farmers increase their incomes and contribute to rural revitalization.