Stevia Corp. Advises That Vietnam Gov't Supported Projects Are On-Track for 2012 Completion
11 January 2012 | News | Source: Stevia Corp.
Stevia Corp. (OTCBB: STEV) ("Stevia Corp." or the "Company"), a farm management company focused on the economic development of stevia, the fastest growing product in the alternative sweetener sector, is pleased to announce that commitments from regional and national levels of governments are paving the way for the rapid development of stevia trial cultivation farms aimed at grower adoption on a commercial scale.
In order to effectively demonstrate the economic opportunities represented by stevia cultivation, the National Government of Vietnam is providing financial support for the development of 50 Ha of stevia cultivation. Additionally, the Bac Giang provincial government is also supporting a further 20 Ha of stevia cultivation. Both projects are currently on track for completion in 2012.
Stevia Corp.'s local grower partner, Stevia Ventures Corporation ("SVC") of Hanoi, is managing both projects in conjunction with the appropriate government entities and local community farmers. The Vietnam government is supporting the projects with financial subsidies to the farmers to help introduce stevia as a new crop and provide an incentive for these farmers to trial Stevia and demonstrate it as an economically viable alternative crop.
Stevia Corp. is providing the farm management expertise to ensure a successful outcome. Under the terms of the agreement, Stevia Corp. will supply stevia seedlings and additional products and services utilizing its proprietary systems and will also have rights to off-take any non-stevia crops produced by inter/multi-cropping.
Mr. George Blankenbaker, Stevia Corp. President, comments, "Having government support for our efforts to commercialize stevia is a huge benefit providing credibility to the local farmer communities and affirms our decision to begin efforts in Vietnam. The government and institutes at all levels have been supportive and understand the potential economic viability of stevia and this has resulted in a strong resolve to spur the commercial development and create a major economic stimulus for the rural communities."
Read about Stevia Corp. in the Flavourings directory