NETDA makes strides in attracting investment in 2023

Nantong Economic and Technological Development Area, or NETDA, in Nantong, Jiangsu province has achieved significant milestones in attracting investment over the past year, as highlighted in a government meeting held on Feb 19.

According to the meeting, NETDA claimed the top spot in the city in terms of overall investment received. Over the past year, the zone signed agreements on 56 projects, each with an investment of over $30 million, and utilized actual foreign capital of $584 million.

In addition, NETDA attracted 146 new talent and innovation projects in 2023, leading to a net increase of 52 high-tech enterprises. Notably, 13 projects from the zone were honored with the city's high-quality construction award for significant contributions.

The growth in the number of projects has also propelled the development of businesses in the region. Over the past year, NETDA welcomed two new enterprises valued at over 100 million yuan each and three enterprises exceeding 5 billion yuan in value, and saw the establishment of 18 enterprises, each paying more than 1 billion yuan in taxes.

Due to outstanding achievements in attracting projects and industrial development, NETDA secured the 21st position in the comprehensive development assessment of national-level economic development zones in 2023.

The meeting emphasized that going forward, NETDA will continue to focus on attracting investment, implement initiatives to serve businesses, promote industrial development, and consistently enhance the local business environment.