The city of Huai’an in east China’s Jiangsu province has made unremitting efforts to give a strong impetus to the sustained economic growth through the launch of large industrial projects so as to mitigate the impact of the covid-19 epidemic.
Huai’an recently started power supply for the Huai'an expansion project of Nanjing High Precision Gear Group Co., Ltd. wind power project.
This major investment project in Huai'an is expected to be put into trial production in June.
The new equipment manufacturing project involved an investment of 5 billion yuan and the construction of 320,000-square-meter workshops.
"We have arranged a construction approval schedule for the project refined the time frame of each approval process and included the project in the green channel to ensure that five certificates are issued at one time in one day. "Geng Yanping, Agent of Jinhu County Project Agency Service Center, said.
Since the beginning of this year, Huai'an has introduced a slew of measures to promote the high-quality development of the manufacturing industry, given a strong impetus to the cultivation of large-scale enterprises, listed enterprises, high-tech enterprises in a bid to boost the development of ten key manufacturing clusters.
In the first quarter, 25 large enterprises in Huai'an reported taxable invoices of 24.9 billion yuan, accounting for 35% of the city's industries above designated scale.
In the meantime, the city’s four leading industries reported taxable invoiced sales of 54.34 billion yuan, a year-on-year increase of 12.1%.
The city also reported a 12.6% year-on-year increase in the added value of industries above designated size, a 38.2% increase in investment, and a 10.94% year-on-year increase in total taxable invoiced sales.
"By the end of the 14th Five-Year Plan period, we will cultivate 10 enterprises with an output value of over 10 billion yuan, promote the development of green food new generation information technology, new equipment manufacturing and new material industries, and ensure that the output value of each industry exceeds 100 billion yuan." Yang Weidong, Secretary of the Party Leadership Group and Director of Huai'an Bureau of Industry and Information Technology
