An aerial view of Pengsheng Industrial Park in Uzbekistan. [Photo/ohnews.cn]
For 15 years, Pengsheng Industrial Park has thrived on the banks of the Syr Darya River in Uzbekistan.
Wang Fengtai, deputy general manager of Pengsheng, was recently invited to share overseas investment strategies in Ouhai district, Wenzhou. He encouraged local enterprises to collaborate and expand their ventures overseas.
Under the Belt and Road Initiative, overseas economic and trade cooperation zones have become vital platforms for international expansion. Wenzhou Jinsheng Trading Co Ltd was one of the first Ouhai enterprises to go global, investing in Pengsheng in March 2009. This park, the first Sino-Uzbek joint venture industrial park, covers 4 square kilometers and includes over 300,000 sq m of facilities.
Pengsheng currently hosts 14 enterprises involved in ceramics, leather, footwear, and more, filling local industry gaps and thriving. It has achieved numerous milestones, becoming the largest foreign-invested industrial park in Uzbekistan and receiving recognition from both the Uzbek and Chinese governments.
Pengsheng Agricultural Park was founded in 2017, becoming Zhejiang province's only provincial-level overseas agricultural park. The park's cotton farm's advanced drip irrigation technology won support from the Uzbek government and was promoted nationwide, advancing the application and exchange of Chinese agricultural technology.
Pengsheng also actively fulfills its social responsibilities, establishing the China-Uzbekistan Friendship Park and promoting cultural exchange.
Over the past five years, Pengsheng has facilitated $412 million in imports and exports, created over 2,000 local jobs, and generated $60.54 million in taxes, significantly enhancing the platform's agglomeration effect.
