City Starts 216 Major Projects in Q1

Authors: Go Chengdu

2018-03-07

Chengdu broke ground March 2 on 216 major projects in the first quarter of this year in Wenjiang District.
Of the projects, with a gross investment of RMB260.2 billion and a planned investment of RMB64 billion in 2018, 65 involve infrastructure, 94 industries, and 57 people's well-being and social undertakings.
An innovative drug R & D and manufacturing base invested with RMB3.3 billion by the Chengdu Baiyu Technology Pharmacy Co. Ltd., is the only pharmaceutical company in the world specializing in mass production of ginkgolide injection. Established by the standards of FDA and GMP, the facility will be equipped with the largest digital production line manufacturing ginkgolide injection in China.

Supporting Policies for Foreign Investment

Office of Sichuan Provincial People's Government issued Eight Measures to Support Development of Foreign-invested Enterprises as early as August 2014, which provided foreign investors with preferential measures in eight aspects, namely delegation of approval and filing power to lower level, convenient customs clearance service, improvement of enterprises' competitive power, completion of the element guarantee mechanism for introduction of major projects, tax incentives, enterprise transformation, national treatment and service assurance (consult departments in charge of foreign-invested enterprise application on specific policies).

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