NETDA rolls out policy to support resident firms

The Nantong Economic and Technological Development Area, or NETDA – located in Nantong city in East China's Jiangsu province – recently launched a raft of policies and preferential measures to support the high-quality development of its resident firms.

They include 46 articles covering four sectors – to support the strong development of the industrial economy, promote the smart and digital transformation of manufacturers, boost the modern services industry and support the stock exchange listing of companies.

A maximum grant of 10 million yuan ($1.5 million) will be given to a manufacturer that has implemented technological transformation within intelligent manufacturing or green manufacturing and has met corresponding standards.

For manufacturers that have adopted smart workshops, industrial internet integrated innovation, the 5G+ industrial internet and other digitalization moves, the maximum grant for a single project is 300,000 yuan.

Under the initiative, grants will be given to the modern services sector for accelerating brand development and improving quality building management. They will also be handed out for accelerating the warehousing of service outsourcing enterprises, building a digital business platform and guiding enterprises to speed up their development – and the amount of the grant will not be capped.

In terms of encouraging enterprises to list on the stock market, the maximum grant for a single enterprise is 20 million yuan.