NETDA seeks more investment from Switzerland, Germany

The Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province dispatched a business delegation to Switzerland and Germany in early March as part of efforts to attract more investment.

The delegation visited 12 multinational corporations as well as economic and trade organizations in the two countries, including Givaudan Group, to introduce NETDA's business environment and pillar industries.

During the meeting, the delegation discussed with Givaudan representatives about a 100-million-Swiss-franc ($107.84 million) investment in NETDA, which is home to Givaudan's largest factory in China.

The delegation also visited Siegfried AG and Syngenta, both of which have facilities in NETDA, to advance cooperation in new research and development projects.

The delegation then engaged with representatives of major enterprises related to bioscience, new energy vehicle spare parts and high-performance materials in German cities like Munich and Frankfurt.

The delegation also visited the European Economic and Trade Office of Investment Promotion Bureau of the Ministry of Commerce, the European Economic and Trade Office of the Department of Commerce of Jiangsu Province, and the Ministry of German Trade & Investment to learn about the local economic development, investment dynamics and supply chain.