Jiangning Development Zone of Nanjing signed on Tuesday 10 major foreign investment projects totaling 2.6 billion US dollars.
The projects cover new energy vehicles, smart grid, smart manufacturing, new generation information technology and some other industrial fields.
Characterized by large investment volume, high technology content and strong driving force, these investment projects are expected to create an annual output value of 26 billion yuan and an annual tax amount of 1.85 billion yuan for Nanjing. Nanjing Jiangning Economic Development Investment Promotion Co., Ltd. was inaugurated. The company will carry out targeted and professional investment promotion around the subdivided fields, and activate the investment promotion momentum through mechanism innovation. So far, Jiangning Development Zone has utilized 12 billion US dollars of foreign capital, introduced more than 1200 foreign capital projects, and settled 100 of the world's top 500 companies.
