CS-SIP located to the east of the city of Suzhou, is an international industrial park which is often cited as a national flagship project in China by the Singapore Government
Characteristics of CS-SIP
Crossing the 15th year mark in 2009, SIP has developed into a competitive high-tech industrial park and a modern garden-like city. Complete with commercial, logistics, residential, social and recreational amenities, different functional areas such as IT Park, Export Processing Zone, International Science Park, Logistics Center were established in the main 80 sq. km site of the Singapore-China project, out of SIP's total jurisdiction area of 288 sq. km.
Role of Mitsubishi Corporation
The developer of this industrial park is China-Singapore Suzhou Industrial Park Development Co. Ltd (CSSD). CSSD -- a joint venture that is 28% owned by Singapore-based SSTD and 52% owned by a Chinese consortium.
Mitsubishi Corporation together with Mitsui & Co. Asia Pacific Pte Ltd. has established a joint venture company -- Mi-Mi Investment Singapore Pte Ltd -- to participate in this project as one of the 24 members in SSTD. Similarly, Mitsubishi Corporation is also actively assisting CS-SIP to attract Japanese investors who are interested in venturing into China, capitalizing on its huge consumer market and cheap labour force, to set up their operations there.
For more information, please contact:
General Affairs, HR and Co-ordination Department
Fax: (65) 6338-8361