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November 5, 2023

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Songjiang sees investment promotion as lifeblood of local economic development

By Tan Weiyun | 00:31 UTC+8 November 5, 2023 | Print Edition

Investment promotion is the lifeblood of local economic development.

Starting this year, Songjiang has focused on strategic initiatives such as the G60 Science and Technology Innovation Corridor and Songjiang New City, and has concentrated on “6+X” strategic emerging industries. The 6+X refers to smart homes, green food, intelligent manufacturing, new drug research and development, biomedicine, and aerospace. The X is for emerging industries with potential for future development.

With the district’s success in promoting investment, its economic development has also become higher in quality. According to statistics, from January to September this year, the total number of investment promotion projects in the region was 30,014, with 28,936 registered projects. Among those were 43 projects that attracted fixed investment with a proposed total investment of up to 35.95 billion yuan (US$4.9 billion) and 15 projects that attracted new momentum and major high-quality projects. The strong momentum of high-quality development throughout the region is also surging forward.

This September, Songjiang’s first manufacturing project with a plot ratio of 3.0 was launched, which is an exploration to improve land efficiency. LePure Biotech, an enterprise that is pioneering in the research and development and manufacturing of single-use equipment and consumables, is located in Xinqiao Town. It covers an area of 1.3 hectares and rises to a height of 49.5 meters, with one underground floor and nine above-ground floors.

Qin Sunxing, founder and chairman of the business, said that the implementation of the “industrial upstairs” policy had greatly reduced the company’s land costs, and also enabled LePure Biotech to achieve a collaborative development of management; innovation; R&D; production; and sales, in the same carrier space, with smoother links and better realization of “multi-dimensional growth”.

Relying on Songjiang’s exploration of various models such as land acquisition, redevelopment, revitalization, and reuse of existing land, the district accurately supplies precious land resources to high-quality enterprises. This drives the transformation and improvement of low-output, high-energy consumption traditional industries and continuously improves land performance, injecting vitality into the high-quality development of the entire region.

The investment structure relates to the future economic structure, and the investment quality affects the future development quality. Songjiang has always insisted on following the best trends and direction in the development of leading industries, while laying out new paths and fostering future industries.

Energy storage is a major component of future energy system construction, and will play an important role in promoting energy transformation and responding to climate change. The Zhongjing Chengkang Saibao Distributed Energy Station (Energy Storage) project established in Songjiang in April is innovative and implements the “14th Five-Year Plan” for Shanghai’s ecological environment protection.

The total investment scale of the project will exceed 10 billion yuan, and it will be constructed in two phases, including an assembly production line for power generation integrated machines; mobile energy storage pack assembly lines; and engine R&D centers, to create a headquarters base for new energy manufacturing.

Focusing on the new generation of information technology, DS Information Technology Co, Ltd plans to establish the China Information Science DS 5G Emergency Communication Global Technical Service Center in Jiuting Town. According to a representative, the company comprehensively uses cloud computing, big data, 5G, the Internet of Things, and other technologies to provide R&D software products, systems integration, and consulting services in the fields of smart emergency communications and informatization.

The Hagong Intelligent project that is currently going through the land supply process is designed to bring investment to Songjiang from the artificial intelligence industry.

“We will leverage the company’s technical strengths in high-end intelligent equipment manufacturing and artificial intelligence robots to establish an AI industry chain in Songjiang that integrates research and development, design, production, and sales,” said a representative from Jiangsu Hagong Intelligent Robot Co., Ltd.

The base is expected to include 10 artificial intelligence companies wholly-owned or controlled by Hagong Intelligent in the fields of intelligent manufacturing, smart healthcare, intelligent cleaning, and vision robotics.

This year, Austar Pharmaceutical Technology Equipment Co., Ltd., a subsidiary of Austar Group, successfully commenced production in Songjiang. In addition, the Austar Fluid and Bioprocess System R&D and Manufacturing Center, with a total investment of 190 million yuan, has entered the trial production stage. It will create a comprehensive pharmaceutical equipment service provider that is integrated with pharmaceutical processes, core equipment, and systems engineering solutions.

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