Tibet Lhasa Economic & Technological Development Area became the first new national industrialization demonstration base in Tibet approved by the Ministry of Industry and Information Technology, People's Daily Overseas Edition said.

The newspaper reported the development area performed well and its tax revenue in the first half of 2011 totaled 660 million yuan ($102.5 million), up 94 percent year-on-year.

During the period of the 11th Five-Year Plan (2006-2010), Tibet made efforts to cultivate well-known plateau brands by taking advantage of mineral, Tibetan medicine, ethnic handicraft, tourism, and farming and green food industries.

There have been more than 3,300 enterprises in specialty industries with registered capital exceeding 30 billion yuan in total.