1-billion-yuan industrial development fund released

Jun Wed 2024
1-billion-yuan fund for industrial development of Huayuan County was released at the Huayuan County Investment Promotion and Industrial Fund Release Conference held in Changsha City on June 18.

The fund is the first county-level industrial development fund in Xiangxi Tujia and Miao Autonomous Prefecture, established by Hunan Huayuan Shibadong Development Group Co., Ltd. and Huayuan Shibadong High-tech Industry Investment and Development Co., Ltd., with a total scale of 1 billion yuan.

It will be implemented in two phases and mainly used to support such industries as new materials and energy, new agriculture, green mining, high-end equipment manufacturing, biological manufacturing, and new generation information technology.

It will empower the construction of Changsha Shibadong enclave industrial park, Huayuan industrial development zone, and an agricultural science and technology park to help accelerate the establishment of a modern industrial system in Huayuan.

At the conference, eight projects, including the raspberry planting project, Phase I of the Huayuan County comprehensive scenic area core asset investment and operation project, and Phase I of the vanadium industry chain, were signed with a total investment of 2.316 billion yuan, involving industries such as ecological agriculture, new materials, cultural tourism, and new energy.

Huayuan County is a pioneer of “targeted poverty alleviation”. In recent years, the county has made efforts to attract investment for industries like new materials, new energy, new agriculture, and new cultural tourism, develop new quality productivity, accelerate industrial transformation and upgrading, and extend and strengthen industrial chains, in a bid to promote the high-quality development of the county in all aspects.
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