China-Israel innovation industrial park to be built in Nanxun, China [View all]
Source: Jerusalem Post
Aiming to integrate the Israeli innovative spirit with Chinese market capacity, private investors and government officials from China’s Zheijiang province have come together to build a future China-Israel Nanxun Innovation Industrial Park.
“Israel is the country of innovation. It has many innovative setups and many innovative technologies. But it may encounter some problems with abilities to promote this technology into the market,” said Ricky Zhang, managing director and president of China-IL Business Association Holding Co., Ltd. “When Prime Minister [Binyamin] Netanyahu visited China in May he said that if we offer a marriage between Israeli technology and Chinese market it will be a win-win situation.”
China-IL Business Association Holding has already invested approximately $170 million in the future 7.2-square-kilometer park, which will be located in the Nanxun district of the city Huzhou, about 125 kilometers southwest of Shanghai. Representatives from both the investment firm and the local government are in Israel this week, meeting with a variety of Israeli companies potentially interested in setting up shop at the site. The park will be a home to research and development in six industries: energy conservation and environmental protection, medical instruments, electronic information, clean energy, new material and intelligent equipment manufacturing.
The investors are planning to divide the park into three zones: an industrial cluster for innovation enterprises, an incubation area for startup firms and a production area to bring technologies to markets, Zhang explained. The park will feature Israeli style architecture, exhibitions for Israeli products and facilities designed to cater to Jewish customs – such as some kosher style restaurants, he continued. “We hope to establish a platform for the technology transference as soon as possible,” Zhang said. “We have found that many Israeli technologies and also solutions are very advanced, and will be very great demand in China.”
Read more: http://www.jpost.com/Enviro-Tech/China-Israel-innovation-industrial-park-to-be-built-in-Nanxun-China-336033
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