Lhasa Economic and Technological Development Zone

Established in 200l, Lhasa Economic and Technological Development Zone, located in Lhasa, Tibet autonomous region, is the region’s only State-level economic and technological development zone approved by the State Council. It is a national demonstration base of new industrialized industries approved by the Ministry of Industry and Information Technology.

The zone is divided into two parts with a planned area of 5.46 sq km. Area A covers 2.51 sq km, with the Qinhai-Tibet Railway running through it. The area is two km away from one of the railway stations. With an area of 2.95 sq km, Area B is located in Lhasa’s Doilungdeqen district, nine km away from the city’s downtown, and 45 km to the Lhasa Kongga International Airport.

Area B is adjacent to the railway station, while the Sino-Nepalese Highway and Qinhai-Tibet Highway run beside it. Moreover, the west loop line of Lhasa urban ring road and a bridge that’s currently under construction will go across the area.

Area A is the zone’s built-up area that been developed at the first phase. The development and construction of Area B is in full swing now and qualified for attracting investment.

Based on local advantageous resources, the zone has prioritized resource development and processing, while focusing on the production of advantageous Tibet medicines, health-care products and foods, traditional ethnic craft and tourism products, in-depth processing of farm and ranch products, as well as the introduction, development and promotion of industrialization technologies.

Meanwhile, the research of technologies in bioengineering, energy conservation and development and environmental pollution control engineering is also the zone’s industrial development direction. It encourages the development of high-tech technologies such as e-information, new energy and new materials. Moreover, the infrastructure from education to real estate as well as supporting services industry for trade are also encouraged and actively developed in the zone.

In the first two months of 2018, the zone realized 2.15 billion yuan ($336.8 million) in tax revenue compared to the same period of last year, including 643 million yuan of local tax.

Its fiscal revenue was 657 million yuan during the January-February period, up 25 percent year-on-year. The total output value of industries above designated size increased by 14 percent year-on-year to 497 million yuan. The added value of industries above designated size was 301 million yuan, up 5 percent year-on-year. The sales value of industries above designated size grew by 9 percent, and was 484 million yuan.

In the two months, the zone’s total fixed assets investment was 643 million yuan, with a growth of 33 percent year-on-year. The paid-in investment was 583 million yuan from January to February , up 44 percent year-on-year. During the same period, the zone has 115 more newly registered enterprises, an increase of 21 percent, with newly registered capital of 4.01 billion yuan.