Xiangtan National High-tech Industrial Development Zone

    Rating     BBB
    Year of Establishment     1992
    Land Area     11.7 km2
    Location     Xiangtan, Hunan
    GDP     N.A
    FDI     N.A
    Utilized FDI     N.A
    Major Investors     Timken, Hara XEMC Windpower, BSF, Zhaoshan Metallurgy
    Major Industies Encouraged     Machinery, energy, new materials, information technology, pharmaceuticals
Source: Administrative Committee of Xiangtan National High-tech Industrial Development Zone

Xiangtan National High-tech Industrial Development Zone (Xiangtan NHIDZ), covering an area of 11.7 sq km, was set up in 1992. In March 2009, it won approval from the State Council to become a state-level development zone. Xiangtan is part of the Chang-Zhu-Tan City Cluster, which is made up of Changsha, Zhuzhou and Xiangtan and is a designated model area for environmentally friendly economic development.

The zone enjoys access to a convenient transportation system. The zone is only half an hour from Changsha Huanghua International Airport, which operates routes to 39 major cities, including Shanghai, Guangzhou, Hong Kong, Seoul and Bangkok. The Beijing-Guangzhou Railway and the Xiangtan-Guiyang Railway run through Xiangtan. The Beijing-Shenzhen Highway and the Shanghai-Kunming Highway intersect in the city.

Investment Climate
Xiangtan NHIDZ comprises three industrial parks, namely German Industrial Park, Torch Creation & Innovation Park and New Mate-rial Industrial Park. It encourages invest-ment in machinery, energy, new materials, information technology, pharmaceuticals and other High-tech industries.

In the first nine months of 2013, the gross industrial output from Xiangtan NHIDZ reached RMB 32.69 billion, 16% more than a year earlier. The zone is home to 111 High-tech industrial enterprises as of Sep 2013l.

In the first nine months of 2013, the utilized FDI in the zone surpassed US$162.9 million. The zone attracted investments from large multi-national companies including Timken and BASF. Timken, one of the world’s top bearing makers, agreed to set up a US$38-million joint venture with Xiangtan Electric in 2007. The venture mainly manufactures ultra-large-bore bearings for wind energy firms in China.

Investment Cost
Winning Edge and Limitation
Winning Edges
  • Logistics and infrastructure are well-developed.
  • Investment costs are lower than in development zones in Beijing, Tianjin and coastal areas.

  • Xiangtan lacks access to high-level talent. There are far fewer universities and technical schools in Xiangtan than in Changsha.
  • The zone lags behind other state-level development zones in Hunan in attracting foreign investment.

Address:Science and Technology Mansion, Xiangtan NHIDZ, Xiangtan, Hunan, P.R. China 411101
Tel: 86-731-52861159
Fax: 86-731-58560284
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