Projects, investments, and growth power NETDA ahead

Nantong Economic and Technological Development Area notches a successful stride in high-quality development, showcasing rapid progress in project construction and investment attraction in the first nine months of 2023.

Linyang Solar, backed by the area, impressively moved from signing a construction agreement to production in just over six months.

Recent achievements by the area also include securing major projects like Hirschmann Automotive's China headquarter and a one-billion-yuan ($137.09 million) project that will allow NETDA to manufacture automotive intelligent electronic components, highlighting the area's growing appeal to investors.

The development area's investment officials strategically leverage opportunities like the 6th CIIE, attracting foreign enterprises and focusing on key industries such as next-gen information technology, pharmaceuticals, intelligent manufacturing, and new energy.

Technicians of Linyang Solar work in the workshop, which went into production in merely six months. [Photo/WeChat account: wxntfb]

In the first three quarters of 2023, the area utilized $486 million in actual foreign capital, signing 44 new projects into effect, with a total investment of 37.6 billion yuan. This included 14 foreign projects with a total investment of $1.05 billion.

In the biopharmaceutical sector, the biomedical park in the area has become a regional hub, hosting over ten innovative enterprises.

The area is always committed to innovation, actively attracting high-level talent and promoting technological exchange and synergy. It has established the enterprise development service center to enhance services for major projects, contributing to an optimized business environment.

The area is also paying more attention to small improvements and user experience, driving innovation in applications. And as the fourth quarter unfolds, the momentum has yet to subside, with the area commencing construction on 17 projects with a total investment of 13.33 billion yuan, aiming to sign contracts for over 60 major industrial projects by year-end, solidifying its role as a key driver of the city's high-quality development.