NETDA expands overseas investment from Q1-3

The groundbreaking ceremony takes places for the Linkfair (Nantong) Intelligent Manufacturing East China Headquarters Base in NETDA. [Photo provided to NETDA] 

In the first three quarters this year, the actual paid-in foreign capital received by the Nantong Economic & Technological Development Area or NETDA which is located in Nantong city in East China's Jiangsu province, reached $500 million, ranking first among all the counties (county-level cities and districts) in Nantong.

A total of 15 major projects worth more than 1 billion yuan ($156.9 million) were signed, with a total investment of 50 billion yuan.  Currently, there are 14 major projects expected to be signed within this year.  The initial plan for the project was to complete 29 new projects by the fourth quarter of this year and push forward the completion of 28 projects by the end of the year.

One of the major highlights of the project this year was the groundbreaking ceremony for the Linkfair (Nantong) Intelligent Manufacturing East China Headquarters Base that took place in late October at NETDA.

Once completed, it will serve as a demonstrative intelligent manufacturing base for kitchen cookware, and will also be a manufacturing plant with the highest degree of automation and the most advanced production processes in the industry in China. Moreover, it is expected to be a calling card for advanced manufacturing in the development zone.