OREANDA-NEWS. Smart manufacturing represented by industrial robot manufacturing emerges as one of the most attractive industries in Anhui province for investors.

Among the 1,130 projects the province plans to promote at an upcoming meeting with renowned private firms from across the country, industrial robot-related projects are expected to capture moneybags' attention, Anhui Business Daily reported.

At the event, Wuhu will try to attract a capital of 1.5 billion yuan (USD 240 million) to a production facility, which is designed to have an annual capacity of 100,000 industrial robots worth 500 million yuan.

Meanwhile, Lu'an will market its robot research, development (R&D) and production project needing an investment of 685 million yuan. The project will generate 3.8 billion yuan in sales revenue and 1.5 billion yuan in profit.

The Development and Reform Commission of Anhui Province issued a guideline earlier this year to speed up the development of the smart manufacturing sector, aiming to set up some competitive producers with sales revenue of more than 10 billion yuan by 2020.