Investors cast an eye on Tibet
( 2003-09-30 13:12) (people.com)
Tibet seems to have grown into
an ideal place for domestic and overseas investors.
Mr. Lin from Hong Kong has recently decided to invest in tourism in Tibet
within this year after half year?ˉs inspection of the region.
In recent years, domestic and overseas businessmen like Mr. Lin have
developed great interest in Tibet.
In the mid-1990s, Johannes opened a plant making traditional Tibetan
handicrafts and a hotel at Barkor Street, Lhasa. He recalled that he had
misgivings at first, so he invested only a small amount of money, but later he
found foreign investment was warmly welcomed in Lhasa and was given very
favorable policies by the city government. ?° As the investment environment is
getting better and better here, I am considering long-term investment here.?± He
said. Lhasa has become home to his whole family now.
According to Dobgyai, deputy director of the Merchants?ˉ Bureau under the
Development Planning Commission of Tibet Autonomous Region, from 2001 till now,
14 foreign-funded businesses have been newly approved and set up in Tibet, with
contracted foreign capital valued at nearly US$4.31 million and paid-in foreign
funds of US$2.16 million.
In the first half of this year, Tibet received 50 batches of clients and
signed agreements on some cooperative projects with them. The investors include
SUCCESS and another one from Canada, Garnica from Spain and clients from
Xinjiang, Sichuan and other regions. By the end of June, funds given gratis by
EU to the ecological project in Qamdo Prefecture, Tibet, had all been in place;
The quick-growing poplar project, jointly undertaken by Spain?ˉs Garnica Company
and Tibet?ˉs Tianrun Company, is progressing smoothly.
Presently, foreign investments in Tibet come mainly from Nepal, Japan, the
United States, Britain, the Republic of Korea (ROK) and some other countries, as
well as the region of Hong Kong, covering various industries such as
manufacturing, tourism, hotel, catering, construction, real estate and
transportation. The investment is concentrated mainly in Lhasa. There are four
foreign-funded enterprises in Xigaza, three in Nyingchi, and one in Qamdo.
Dobgyai added that implementation of the strategy for the development of
China?ˉs western region and the preferential policies offered by Tibet
Autonomous Region are the main factors for attracting more and more foreign
investment.
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