Xinjiang: Cotton Industry Chain Loves Big Projects

Recently, Shandong Guoxin Industrial Co., Ltd. and Western Oasis International Industrial Co., Ltd. jointly invested 51 million 660 thousand yuan annual output of 20 thousand tons of degossypol protein project in Xinjiang, started construction in Bole, and is expected to be put into operation in October. After the project is put into operation, the annual sales revenue is 140 million yuan, and the tax revenue is 3 million yuan, which can solve 120 people's employment.

The degossypol protein in Guoxin and oasis in Shandong is deeply processed by using the advantages of abundant cotton and cottonseed resources. This will further enhance the added value of cotton by-products in the state, promote the recycling of resources, extend the industrial chain, increase the added value of cotton production, and accelerate the pformation and upgrading of the single cotton producing state.

Since the beginning of this year, Xinjiang has accelerated the development of modern agriculture, improved the level of industrialization and strengthened the regional economic strength by speeding up the cotton industry chain.

This year, the state has joined hands with 500 top and famous Chinese and foreign enterprises to build new projects. It is an important measure to optimize the upgrading of cotton industry and enhance the competitiveness of the market. 12 key projects have been identified, with a total investment of 1 billion 200 million yuan, and 6 new projects in 1-7 months. The actual investment amount has been 840 million yuan.

Up to now, Hongkong's mutual benefit, Lida textile, Jin Tianhai, Tian Jie cotton, Zhui textile, Jincheng weaving and other investments are all over 200 million yuan, and the scale "cotton related" enterprises have settled in Bo Zhou and have been put into production or under construction.