High-quality services bring additional investment to Hai'an
The second phase of Checkpoint Electronics (Jiangsu) Co Ltd entered production in September; in October, work on the decorative film project invested by Jiangsu Himei New Material Co Ltd started and the new high-end electric drive reducer project of Hai'an ShenLing Electrical started building temporary facilities.
Many of the projects under construction are second, third and fourth phase projects with additional company investment.
Through presenting high-quality services as an opening-up brand Hai'an has attracted numerous investors. Since 2018, 53 additional investment projects have started construction, with investment valued at 23.33 billion yuan ($3.5 billion); 24 of them are funded by capital from outside of Hai'an and 15 are expansion projects of local corporations.
The superior service and high efficiency of the Hai'an government is why enterprises are willing to expand investment in the city.
Invested with 1.8 billion yuan by Jiangsu Hongsheng New Material Co Ltd, the underground structure construction of the third phase project has been completed. After it comes into production, the annual sales revenue of Hongsheng is expected to exceed 10 billion yuan.
According to Ni Lifeng, president of Hongsheng New Material, to solve the problems the enterprise encountered in the construction process the Hai'an High-tech Industrial Development Zone set up a dedicated team to provide one-stop services for Hongsheng New Material.
In addition to service, the enterprises are also drawn by the innovative atmosphere. "Hai'an hosts events to introduce scientific and innovative resources to us, and we can partner with the top universities and institutes such as Tsinghua University and the Chinese Academy of Sciences," said Shao Jiangen, Party branch secretary of Nantong Mingnuo Electric Technology Co Ltd.