To improve independent and cooperative innovation, the enterprise group put forth effort to forge the medium and high-end industry chain of textile and service with R&D as the core. We aim to make the institute of textile and garment research, the International brand R&D Centre stronger and more competitive.
Guangzhou Light Indystry Research Institute Co., Ltd, as the state-level High-Tech Enterprise, has a number of authorized patents and science achievements until now. And it also successfully listed on NEEQ. The Belt and Road, as the focus of our group, lead us the way to the cooperation with the international enterprise, such as Coats, and Coats(Guangzhou) Ltd. ,a joint venture between Coats group and us, has become the nominated supplier of International aerospace industry.
Guangzhou University college of textile and garment wholly-owned by our group collaborated to found ESMOD Guangzhou with ESMOD Paris. ESMOD Guangzhou strives to cultivate excellent fashion designers and guide us into the Medium and high-end garment products.
We own more than 10 professional foreign trade companies that are familiar with the trading process and a foreign trade marketing and management team full of vigor and vitality, which make our import and export volume of textile and garment rank top in China. Also, our sales network spread all over the world. In America, Russia, South Africa and Hong Kong, we all established overseas companies.
With the advantages of design, R&D and testing, we accelerate the transformation and upgrading of foreign trade by getting sustainable development of self-products exports. Actively increasing the business of import, we constantly develop the domestic market and display the diversified business pattern of foods, medicines and household products with textile, garment and chemicals as the core.
Our group have TIT, GOGO, LIVEN, Jennifer, Theresa, GC, Begol, Deer, Autumn cicada, Newto, WU YANG, and more than 50 international and domestic brands among which Ligongmin has been dubbed "Chinese Time-honored Brand" by the Ministry of Commerce, which have enhanced the core competitiveness.
After decades of development, Guangzhou Textiles Industry & Trade Holdings Ltd. has nearly millions square meters of land property, which provides powerful guarantee for high quality development. In recent ten years, we put full effort to build TIT Creative Industry Park by making the best of the transformation reform policy.
With successful introduction of Tecent (wechat) headquater, Krspace, MO&CO, SHUTER, TIT Creative Industry Park has become one of the earliest developed and constructed, and the most successful creative industry park. Meanwhile, we also have TIT Runzheng Square, TIT Time square, TIT International E-commerce Industrial Park, which bring us steady income and become the new form of industry of enterprise group.
Moreover, TIT Science & Commerce Park, TIT Industrial Park, TIT Wisdom Park, TIT Cultural & Creative Park are all under construction. TIT Science & Commerce Park, as the joint development, is estimated total investment of 10 billion RMB and means to be a landmark of the business complex. Projects are driven by concept and will also lead to the further development. We firmly believe that all of this will definitely become the strongest support on our way forward.
Now, it's the new beginning of the new era.
We will continue the spirit of responsibility, struggle and innovation, and promote the strategy of modern trade and capital operation comprehensively. We aim to strive for creating new situation of transformation and high-quality development, and also build the Guangzhou Textiles Industry & Trade Holdings Ltd. into a modern enterprise group with international competitiveness.