Jinshan enterprises receive US$14 million in city subsidy for technology upgrading

Jul 4, 2018

A new batch of Jinshan enterprises have received Shanghai's special fund support for industrial upgrade recently, according to Shanghai Economy and Information Technology Committee.

A total of 94 million yuan (US$14 million) will be shared among the 12 qualified Jinshan-based enterprises in industries of new materials, life health and smart manufacturing.

The subsidy will be used to improve product technologies, equipment techniques and make the manufacturing process safer and more environment-friendly.

Application for the fund started at the beginning of this year. After relevant policies were published, the committee sent officials to enterprises to explain the policies and help them prepare files and solve problems in registration.