The Hangzhou Economic and Technological Development Area was established in 1993 as a national development zone. HEDA is located in the eastern Zhejiang Province and is only one and a half hours' drive from the cities of Shanghai, Suzhou, and Ningbo.
Hangzhou ETDZ contains the Singapore-Hangzhou Science and Technological Park, a logistics park, a high-tech incubator and industrial innovation Park as well as a biomedical park.
The zone’s major industries are information technology, machinery, food and beverages and pharmaceuticals. Major investors in the IT sector include IBM, Motorola, and LG.