NETDA takes steps to bolster investment

The Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province received $214.59 million in foreign capital in the first seven months of this year, official statistics show.

Deals for four projects based in NETDA, each with an investment of more than 1 billion yuan ($146.9 million), were signed during that period.

Agreements for four projects worth over $30 million were signed, and four innovation projects in the area were approved in the area from January to July.

These achievements are largely due to the implementation of a series of measures rolled out by NETDA's investment promotion bureau.

For example, the bureau had during the period held about 40 video conferences to engage with enterprises related to fields including medical devices, new energy and intelligent equipment.

Authorities have also been taking steps to increase investments from Shenzhen, which is a hotbed for investments, listed companies and technology enterprises.

In addition, the bureau has compiled three handbooks about NETDA’s industrial policies, pillar industries and techniques to attract investment.

Chen Nan, a new employee at the bureau, said the handbooks have proved useful in helping her explain relevant policies to investors. In fact, the information contained in these books had helped her seal the deal for a microfluidic chip project with an investment of 1.2 billion yuan.