NETDA sees major projects stream in

A group contract signing ceremony related to major projects in the second quarter in the NETDA takes place on June 28.[Photo by Ding Congrong provided to en.nantong.gov.cn]

A group contract signing ceremony for major projects in the second quarter in the Nantong Economic & Technological Development Area or NETDA – located in Nantong city in East China's Jiangsu province – was held on June 28, according to media reports.

The enterprise development service center in the NETDA was inaugurated on the same day, reportedly marking the evolution of its business ecosystem to a new level.

During the current year, the NETDA is said to have taken the lead in its development as a first-class economic development zone in the Yangtze River Delta region with high-end industrial modernization, sound industry-city integration and internationalization. As such, it has striven to establish a new stage in the region's economic development boom.

Zhang Jianhua, secretary of the Party working committee of the NETDA, said that attracting fresh investment and sustaining its development was the zone's top priority.

He said that in the first quarter, 14 major projects signed up to move to the zone, including eight advanced manufacturing projects, with a total investment of 15 billion yuan ($2.32 billion). By the end of March, a group of 31 major projects had broken ground with a total investment of 57.8 billion yuan. In late April, nine major projects participated in a second quarter joint launch ceremony, with a total investment of 22 billion yuan.