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Nanyang Hi-Tech Industries Development Zone

(chinadaily.com.cn) Updated: 2014-11-11

Nanyang Hi-Tech Industries Development Zone
[Photo from nygxq.gov.cn]

Nanyang Hi-Tech Industries Development Zone (HTIDZ) is a provincial-level development zone authorized by the Henan Provincial Government in March 1995. The zone, put into operation in January 1996, passed the National Development and Reform Commission's (NDRC) review in December 2005. Situated in the northeast quadrant of the city, it covers an area of 9.2 square kilometers, and has a population of around 120,000 people belonging to 14 neighborhood committees.

Nanyang Hi-Tech Industries Development Zone
[Photo from nygxq.gov.cn]

During the 10th Five-Year Plan period (2001-2005), the average annual growth rate of major economic indicators in the HTIDZ had kept up over 30 percent. Among all 396 industrial and commercial enterprises in the zone, 47 industrial enterprises had annual revenues of over 5 million yuan ($817,500), and 39 high-technology enterprises produced 67 high-technological products. Three major industries–electronic information, electromechanical equipment and optical cold processing–came into form. In December 2005, the zone passed the NDRC's review and was on the list of National Development Zones. The pioneer center was also approved by the Ministry of Science and Technology and grew into a national-level center for starting new businesses.

Nanyang Hi-Tech Industries Development Zone
[Photo from nygxq.gov.cn]

Guided by the principle of "centralized layout, economical use of land, and industrial agglomeration", Nanyang's HTIDZ has spent 800 million yuan on improving its infrastructure, of which 370 million yuan has been spent on construction. Park 1 is devoted to developing the electronic information industry, Park 2 to cultivating the electromechanical equipment manufacturing industry, the south section of Park 3 to developing traditional industries based on thermo power projects in Nanyang, and the north section of Park 3 to bringing in high-technology projects.

Nanyang Hi-Tech Industries Development Zone
[Photo from nygxq.gov.cn]

Apart from building and improving infrastructure, Nanyang's HTIDZ also adopts a new management mode, such as concentrated office locations, one-stop examination and approval, one package service, shorter wait time in response to requests, and simplified business procedures. It has also expanded the range of the application to preferential policies, under which both Chinese and foreign investors can enjoy the best services and the best investment environment.

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