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Our Bureau

Hyderabad, Aug. 23

The Jiaxing Economic and Technological Development Zone (JXEDZ), China will be an ideal location for investment by Indian manufacturing and software enterprises, according to Mr Wu Yunda, Director, JXEDZ, China.

“We look forward to significant investment from Indian manufacturing and software companies in JXEDZ for mutual benefit,” Mr Yunda told the delegates at a seminar on ‘Investment opportunities in Jiaxing Economic Development Zone’ organised by the Confederation of Indian Industry (CII) here.

“JXEDZ is a hub of foreign direct investment in China. Our focus is primarily on auto parts, machinery, electronics/computers, food processing and textiles. Already, the zone has attracted over $3 billion investment,” he said.

Currently, 364 enterprises from 30 countries had invested in JXEDZ while the total number of companies in Jiaxing was over 1,000, he added.

Ms Andrea Wang, Section Chief, Investment Promotion Bureau, JXEDZ, said Jiaxing would be an ideal choice for any foreign investor in view of its proximity to Shanghai

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