Chinese city Shanghai is aiming to become a global center for robotics development and manufacturing by 2020, as part of a move to accelerate its industrial restructuring, according to China Daily.
"Speeding up the development of high-end technology and equipment such asis a must," said Wu Lei, vice-chairman of the Shanghai Municipal Commission of Economy and Informatization, at the 15th China International Industry Fair.
He noted the size of Shanghai's robotics industry will reach 20 billion yuan (US$3.25 billion) in 2015, and reach 60 billion to 80 billion yuan in 2020.
Shanghai is China's largest industrial cluster for robot manufacturers, and currently has a robotics industry worth nearly 10 billion yuan, according to the report. Industrial giant ABB Group has one of its two global manufacturing bases in Shanghai.
In order to achieve the long term vision, Shanghai is setting out to attract more industry leaders, investors, and players across the ecosystem such as key components manufacturers, robotic systems designers and integrated solution providers, said Wu. This will see incentives in investment, land prices, talent attraction, and research and development.
Factories will also be encouraged to, such as in sectors related to steel, automobile, machinery, shipbuilding, pharmaceutical, electronics and food industries. State-owned enterprises will take the lead, he added.