Zone offers tailored service to investors
By Te Kan (China Daily)
Updated: 2006-06-16 11:33 During the past 13 years, the zone has invested 3.6 billion yuan
(US$450 million) in building roads, water and power supply systems and a
telecommunications network.
It has built an intermediary service centre
and completed other facilities such as schools, hotels, hospitals and
recreational resorts, creating a better working and living environment for
investors in the zone.
It has established an industrial development
pattern with electronic information products and has a machinery manufacturing
industry playing a dominant role along with the development of new materials,
bioengineering, printing and packaging equipment, as well as the food and
beverage industry.
The administrative committee has a reasonable
development principle in mind. It holds a project evaluation meeting every week,
ruling out projects that do not conform with the current direction of industrial
development, do not meet the requirements of environmental protection, and are
small scale and have low efficiency.
With respect to the zone's top-notch
service, the cases of LG and Pepsi are good examples.
When LG from the
Republic of Korea came to Changsha, it asked the administrative committee to
remove all the remaining houses in the area and pave the ground.
The
committee spent every penny and even borrowed money from its staff to help meet
the requirement, removing all the barriers for LG to settle down.
Last
year, when Pepsi came to the zone, it put forward a strict requirement to the
administrative committee on water availability and water quality.
The
company took many water samples from the zone and sealed them to send to the
United States for quality examination. Finally, the steady water resources and
reliable water quality cemented the company's decision to open its operations in
the zone.
The zone is aiming to be ranked in the top 20 of the 54
State-level economic and technology development zones in the country.
By 2010, it
expects to generate a gross domestic product of 100 billion yuan (US$12.5
billion) and realize a fiscal revenue of 5 billion yuan (US$625
million).
(For more biz stories, please visit Industry Updates)
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