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On Jan. 1, 2010, Henan Xinyang Industrial Transfer Zone has laid a foundation. China's government has approved plans to build garment industrial transfer zone to encourage the relocation of low-end industries from coastal regions to inland areas. Covering 1200,000 square meters, Xinyang Industrial Transfer Zone is part of a plan to help coastal regions move up the value chain while keeping low-skilled, low margin manufacturers inside China. The zone would encourage 50 garment companies to set up factories, and research and development centers. The government would unveil favorable investment, tax and land purchase policies. The inland regions boast low costs and huge markets and transfers would help narrow the regional wealth gap, said Yang Fuping, secretary of the Xinyang CPC. |
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Henan: Garment Industrial Zone Laid the Foundation
Updated: 2010-2-2 Source: CTEI
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