Bayer CropScience Ltd. signed an MoU with CITIC Trust Ltd. on innovation & development of modern agricultural technology within the background of land transfer on December 17 in Beijing.
Based on the platform of land circulation projects, both parties will contribute their resources around agricultural production, management and administration, science and technology. The strategic collaboration between the two parties aims to introduce technology and innovation to Chinese agriculture, supporting sustainable modern agriculture development in China.
Rob Hulme, Country Head of Bayer CropScience Greater China, said at the opening ceremony that "CITIC Trust is among the top of financial service platforms in China with particular strength in finance and industry integration. As an innovation company with a 150-year history, Bayer CropScience will support the CITIC Trust land circulation practice by combining its global resources with a strong local presence in China as one of the leading Crop Protection companies. Bayer CropScience is fully aligned with the Government objectives of bringing world leading technology and best practice to Chinese agriculture in order to support sustainable modern agricultural development."
Bayer CropScience will also support the project by conducting a number of demonstration and training activities to promote modern agricultural production technologies in the area.