TEDA Introduces New Policy to Support the Development of the Service Outsourcing Industry

TEDA Introduces New Policy to Support the Development of the Service Outsourcing Industry

January 26, 2007

    TIANJIN, China, Jan. 26 /Xinhua-PRNewswire/ -- Tianjin
Economic-Technological Development Area (TEDA), announces
"Interim Provisions of TEDA to Promote the Development
of Service Outsourcing."  The policy will provide
various preferential policies covering areas that include
improving infrastructure, encouraging talent imports and
training, as well as offering competitive tax support. 
    (Logo:
http://www.xprn.com.cn/xprn/sa/20061103123230-28.jpg )
    In compliance with the policy, TEDA will set up a
"TEDA Fund for the Development of Service
Outsourcing," with RMB100 million dedicated to
supporting the development of service outsourcing.  For
enterprises and institutions meeting the requirements, in
addition to the supporting capital for service outsourcing
from the state and Tianjin municipality, TEDA will also
provide 50% of that supportive fund.  Moreover, TEDA also
formulated many supporting policies for service outsourcing
enterprises in terms of software export, talent training,
financial service and IP service etc.  TEDA's support will
focus on the service outsourcing of key areas such as
software development, R&D design, financial backstage
services, finance management, administrative management, HR
services and client services, etc. 

    Recently, three famous domestic software outsourcing
companies, namely, Dalian Huaxin, Beijing Beyondsoft and
Xi'an Yanxing signed investment agreements with TEDA, who
will set up companies in TEDA as significant parts of their
development strategies.

    As Tianjin Binhai New Area is incorporated in the
national overall development planning, TEDA will embrace
more opportunities and advantages as a core area.  TEDA
will make another industrial realignment to develop the
modern service based on the advanced manufacturing
industry, which is TEDA's strategic choice to optimize the
industrial structure and promote industrial upgrading.

    About Tianjin Economic-Technological Development Area
(TEDA)

    Tianjin Economic-Technological Development Area (TEDA)
was established in 1984 with the approval of the State
Council of the People's Republic of China.  It is one of
the first state-class economic-technological development
areas in the country. 

    TEDA is located in the center of a larger area
bordering Bohai Sea and the east of the Asia-Europe Land
Bridge, thus serving as the gate to the two super cities of
Beijing and Tianjin, and the throat connecting the northeast
of China.  By the end of 2005, 4,067 foreign companies have
landed in TEDA.  Of the Fortune 500 companies, 57
multinational companies, from 10 countries and regions,
including such well-established multinational giants as
Motorola, Samsung and Toyota, invested in 123 enterprises
in TEDA.  In 2000, "Fortune" listed TEDA as one
of the most highly recommended economic areas in China.  In
2002 UNIDO listed TEDA as one of the most dynamic areas of
China together with Shenzhen, Suzhou, Wenzhou, Shanghai
Pudong and Xi'an High-tech Park.

    For more information, please visit:
http://www.investteda.org .



    For more information, please contact:

     Ding Lei of TEDA
     Tel:   [phone]


SOURCE  Tianjin Economic-Technological Development Area