Deals on 50 key industrial projects signed

Contracts for 50 key industrial projects were inked in Songjiang on Thursday morning. The projects range from electronic information, new materials, and new energy vehicles to biomedicine and integrated circuits. The estimated overall investment amounts to 23.283 billion yuan (US$3.6 billion).

Among the 50 projects, seven are industrial park or headquarters related projects, six belong to the biomedicine industry, eight belong to the smart manufacturing industry, six are IC projects, three are urban industrial projects, and two are cultural and creative projects. The rest 20 projects belong to the new materials, smart supply chain and other industries.

“We’ve benefited tremendously from the G60 High-tech Corridor vision. The factory we intend to build in Songjiang will improve the district’s satellite equipment industry layout and enhance cooperative development in both the upstream and downstream industries in the commercial satellite smart manufacturing field,” said Cao Jin, general manager of Shanghai Zhongke Chenxin Satellite Technology Co. The company has signed an agreement to invest 600 million yuan in building a digital satellite manufacturing factory in the suburban district.

In 2020, Songjiang’s enterprises above designated size generated a total output value of 407.265 billion yuan, up 7.9 percent year on year, ranking in Shanghai’s Top 2 under the category.

So far, the district has 1,490 above-designated size enterprises, 15 national “little giant” companies and 50 nation-level or city-level technology centers.

“To be a qualified servant for the companies, we will try all means to efficiently promote project landing and boost entrepreneurs’ confidence and determination to run businesses in Songjiang,” said a government official.