From The Herald Via All Africa

Zimbabwe’s largest seed company, Seed Co Private Limited plans to invest about $6 million towards research and importation of new technology by 2015 as the company intensifies efforts to compete on the global market, a company official has said. Currently the seed company spends $4 million on research and an increase to that figure has been planned.

In an interview yesterday Seed Co Zimbabwe finance director Mrs Felistus Ndawi said the company is in the process of importing new technology.

“We are establishing a state of the art research laboratory to be furnished with latest technology imported from overseas.

“We are planning to invest capital in excess of $6 million in the next year or two.

“The companies want to continue offering a variety of seed breeds through continued use of technology and reliable research,” said Mrs Ndawi.

She said the company’s plans to establish a research laboratory coincided with the coming in Limograin hence efforts have been made to make sure the project becomes a success.

A technical committee consisting of representatives from Limograin and Seed Co has been put in place to handle research issues and mobilisation of funds.

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