NETDA sets goals at first meeting of 2025

The Nantong Economic and Technological Development Area (NETDA) held its first meeting of the year on Jan 3, focusing on attracting investment and setting ambitious targets for 2025 and beyond.

By 2025, NETDA aims to attract over 80 major projects, each with investments exceeding 500 million yuan ($68.24 million) or $30 million. Additionally, the area plans to utilize more than $600 million in foreign capital.

Regarding industrial development, NETDA emphasized its commitment to strengthening its leading industries by attracting high-tech, innovation-driven projects with strong industrial relevance. The goal is to surpass 100 billion yuan in regional GDP by 2025 and 200 billion yuan by 2033.

NETDA also plans to focus on developing future-focused industries such as advanced communications, energy, aerospace, and deep-sea equipment. These sectors are expected to account for over 15 percent of the regional economy by 2025 and 20 percent by 2033.

Furthermore, the area is boosting its innovation capabilities. By 2025, R&D investment across the district is targeted to exceed 4 percent of GDP, rising to 4.5 percent by 2033. The number of high-tech enterprises is expected to grow to over 400 by 2025 and 600 by 2033, while the number of listed companies is projected to reach 9 by 2025 and 20 by 2033.

The first meeting for guiding NETDA's work on attracting investment is held on Jan 3. [Photo/Nantong Daily]