Shihezi awaiting investment
- By Mi Xingang
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E-mail China.org.cn, June 25, 2012
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The SETD Administrative Committee in Shihezi hosts a press conference to introduce its current development and investment advantages on June 24, 2012. [Photo/China.org.cn] |
The Eighth Xinjiang International Tourism Festival is set to boost investment in the state-level Shihezi Economic and Technological Development Zone (SETD). Located in Shihezi City, Xinjiang Uygur Autonomous region, and covering an area of 62.7 square kilometers, SETD is committed to building an all-inclusive industrial park that will provide its investors with a wide range of facilities
Last Sunday, the SETD Administrative Committee hosted a press conference to introduce its current state of affairs and investment advantages. Zheng Mingjian, deputy director of SETD Administrative Committee, explained how SETD had already made great progress by creating large-scale industrial bases over the past ten years. The zone currently holds the largest textile industrial base in all of northwest China, he said as an example. Furthermore, the food industry is blossoming, with many renowned enterprises located in the area, and the zone's chemical industry base, for the production of chlorine and alkali, is now the largest of its kind in China. On a final note then, Zheng mentioned how the area is now also paving the way for the assembly of agricultural equipment in China.
The deputy director then went on to point out several of SETD's investment advantages. The abundance of fresh farm products in the Xinjiang Uygur Autonomous Region has provided food processing enterprises with high-quality raw materials, he said. Energy costs are still relatively low as Xinjiang possesses a huge amount of coal resources and reduced electricity and water fees can also help the investing companies save a significant amount of money Shihezi City's inclusive environment has enabled enterprises to prosper vigorously, he added. Zheng believed that China's Western Development policy holds great prospects for the experimental zone that is now opening up to Central Asia and Europe.
In 2011, the total output value of SETD reached 10 billion yuan ($157,100,000), a 26.9% increase compared to the 2010 figure. The fixed assets investment totaled around 12.8 billion yuan, increasing by 69.2%. Investment capital went up to 10.2 billion yuan, or a 94.8% increase, according to the spokesman at the conference.
At present, several well-known enterprises such as Xinjiang Tianye Group, Guihang Cotton Picker Co. Ltd., Jiangsu Huafang Textile Co. Ltd., Nanjing Yurun Food Co. Ltd. and Beijing Yanjing Beer Co. Ltd., have all made investments and built factories in SETD. All of the area's industrial fields are currently awaiting investors to help actively promote the economic development by joining hands with SETD.
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