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Four newly settled companies invest 29.5 million on Dongjiao agricultural demonstration zone

Updated: 2018-06-05

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A signing ceremony for companies’ location is held in Dongjiao modern agricultural demonstration zone, Xiangxiang, Hunan province, on May 30, 2018. [Photo/WeChat account: zgxxwz]

Xiangxiang’s Dongjiao modern agricultural demonstration zone held a signing ceremony for four companies settling in the zone on May 30. 

The companies, Hunan Youjun Agricultural Science and Technology Development Company Ltd, Xiangxiang Wanxiang Agricultural Science and Technology Development Company, Maohu Tea and Xiangzhong Huinong Agricultural Comprehensive Development Company, invested a total of 29.5 million yuan ($ 4.6 million), with transferred lands of 1510 mu ($ 100.7 hectares). Once the companies are located there, they will enjoy the preferential policies. 

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Zhong Guoqiang, Executive Deputy General Director of Dongjiao modern agricultural demonstration zone, signed cooperation agreements with responsible offers of the four newly settled companies at the signing ceremony on May 30, 2018. [Photo/WeChat account: zgxxwz]

According to Deng Youjun, chairman of Hunan Youjun Agricultural Science and Technology Development Company Ltd, their company chose the Dongjiao modern agricultural demonstration zone not only due to its advantageous location, but also its preferential policies. The company has invested more than three million in the first phase, with 820 mu transferred lands.

So far, the zone has attracted investments from ten agriculture related companies, introducing a capital of more than one billion yuan.