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Sino-Italian Ningbo Ecological Industrial Park establishes a civil-military integration fund
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In the morning of November 11, when China Air Force celebrates its 68th birthday, a signing ceremony on the scheme cooperation agreement for the civil-military integration fund was held, thus manifesting the opening of CFGAC in the Sino-Italian Ningbo Ecological Industrial Park. Xi Ming, Secretary of the Party Committee of the Park, Han Baishun, Deputy Director of the Administrative Committee of the Sino-Italian Ningbo Ecological Industrial Park, and members of the kernel team of CFGAC attended the signing ceremony.

The 10-billion-yuan civil-military integration fund, developed by the Sino-Italian Ningbo Ecological Industrial Park, is co-set up by CFGAC, Sino-Italian Ningbo Ecological Industrial Park Holdings Co., Ltd., Shenzhen Tian Lu Ying Fu Equity Fund Co., Ltd. and other social capital. 1 billion yuan has been in place, and 20% of which is invested by the Sino-Italian Ningbo Ecological Industrial Park Holdings Co., Ltd. The fund mainly helps the development of civil-military integration projects and projects of the general aviation industry within the Park, and aims at developing a ecological circle of “One Fund and One Bank for One Industry with One Leading Enterprise”. Meanwhile, the Fund is to help the general aviation industry, tackling with problems that set back the development of the general aviation industry by way of developing Low altitude Skynet, contributing to a blue ocean market of 3,000 billion to 4,000 billion yuan of the general aviation industry in China.

It is learnt that the development of the general aviation industry, a strategic new rising industry in China of a long industrial chain, of an extensive scale and of low requirements for admission, is quite a measure for the promotion of domestic consumption and economic development. Sino-Italian General Aviation Park, one of the 4 major industrial bases in the Sino-Italian Ecological Park, has been planned to cover a total area of 7.5 square kilometers and is to focus on the sales and maintenance of, training on, experiencing of, R & D of, manufacturing of parts and machines for and emergency rescue from all-purpose aircrafts, including helicopters, fixed wing aircraft, suspension aircraft, and unmanned aerial vehicle sales, maintenance, training, experiencing, R & D, manufacturing of parts and machines and emergency rescue. The aviation park is aiming at developing itself into a manufacturing and sales center of general aircrafts in the Yangtze River Delta and a first-class industrial park for demonstration of the development of the general aviation industry.

CFGAC, a leading enterprise lately introduced into the Park, focuses on industrialization of scientific research achievements and is led by 13 academicians, focusing on the development of remote wireless communication, passive infrared electromagnetic imaging, low light level imaging, image processing, and new radar of the latest high-end level.


 




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