NETDA makes strides in attracting investment

The Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province made significant achievements in attracting investment in 2022. 

For example, agreements for building a 10-billion-yuan ($1.48 billion) TOPCon battery manufacturing facility and a 10.5-billion-yuan photovoltaic module research and development base in NETDA were signed on Dec 2, 2022 and Jan 10, 2023 respectively.

The establishment of the two projects will inject great vitality into the area's industrial economy as they are expected to generate 900 million yuan in taxes annually, said a local official. 

These achievements are largely due to the implementation of a series of measures rolled out by NETDA's investment promotion bureau.

For example, the bureau had during the period held about 40 video conferences to engage with enterprises related to fields like medical devices, new energy and intelligent equipment.

Authorities have also been taking steps to increase investments from Shenzhen, which is a hotbed for investments, listed companies and technology enterprises.

In addition, the bureau has compiled three handbooks about NETDA's industrial policies, pillar industries and techniques to attract investment.

Chen Nan, a new employee at the bureau, said the handbooks have proved useful in helping her explain relevant policies to investors. The information contained in these books had even helped her seal the deal for a 1.2-billion-yuan microfluidic chip project.