Special fund set up for high-end logistics industries fostering

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Category: Ningbo Business

Published: Monday, 31 October 2011 08:41

Recently, the “Opinions on the Implementation of Fund Allocation for Logistics Industries Cultivation” was issued by the Ningbo Municipal Transport Bureau. The fund consists of two parts, aiming to support the base construction, enterprises development and informationization of the logistics industries.

"The supply chain management and third party logistics (TPL) in Ningbo are shaping up." said by the person in charge of the bureau. He said that Ningbo is restructuring its industries, for example, the transition to high-end logistics industries.

It was learned that the logistics pilot project focuses on the construction of logistics bases and relevant investments, advanced organization forms and new technology application. The project also encourages logistics enterprises to develop innovative projects and promote public information platform and E-business platform.

The construction of a distribution network connecting urban and rural areas is underway. It will focus on projects for people’s convenience such as goods stations construction and the purchase of equipments for delivering in rural areas.

As for fund allocation, subsidies for logistics base construction are restricted within 5% of its investment of that year, with a cap of 4 million yuan each year and 20 million yuan totally for the Logistics Park and 1 million yuan each year and 5 million yuan totally for the Logistics Center. Subsidies for advanced organization forms and new technology application are restricted within 5% of its investment of that year, with a cap of 400 thousand yuan for each and 2 million totally. Subsidies for goods distribution in urban areas are also restricted within 5% of its investment of that year. Subsidies for projects in pilot satellite towns or central towns and invested by state-owned enterprises can be lifted to 40%.