Hubei Textile Industry Arranges The Largest Production Scheduling Fund.

Data from the Hubei Provincial Economic Commission show that Hubei's textile industry has become the province's largest producer of industrial production scheduling funds, accounting for 31.5% of the total capital of the province.

In the first two months of this year, the textile industry in Hubei showed a steady growth trend. The output of yarn, cloth and clothing increased by 7.8%, 9.4% and 31.7%, respectively. Cotton textile and clothing increased by 1 billion 820 million yuan and 780 million yuan respectively, up 14.6% and 27.6% respectively over the same period.

The industrial production scheduling fund is a special fund arranged by the Hubei provincial government in the intermittent fiscal funds at the provincial level, which is used to support the production turnover of industrial enterprises with market, efficiency, development potential and guaranteed repayment.

In 2007, Hubei province mainly supported 7 textile enterprises, such as Hubei galaxy, Qinghe textile, 3542, Hubei Yinfeng, Xiangfan Ruyuan, Hubei chemical fiber and Jinan textile, and arranged 85 million yuan for dispatching funds.

With the support of this fund, the financial pressure of these textile enterprises has been effectively alleviated, providing a guarantee for the normal production of the enterprises.

If Hubei province arranges 25 million yuan for the galaxy textile Limited by Share Ltd, it solves the contradiction of insufficient cash position in the acquisition of new cotton, so that it completes the procurement task of new cotton, and ensures the smooth operation of production and operation.

In 2007, the output of cotton yarn, total industrial output value and main business income of Yinhe company increased by 23.5%, 13.04% and 6.87% respectively.

In addition, with the support of production scheduling funds, Hubei Chemical Fiber Group Ltd paid 28 million 770 thousand yuan in taxes, an increase of 51.9%; Qinghe Textile Co., Ltd. paid 10 million 900 thousand yuan in taxes, an increase of 20.04%.