Hunan Policy Forces Innovation And Development Of Textile Industry

A few days ago, the general office of the Hunan Provincial People's government issued a proposal to further speed up the development of the textile industry (Hunan government office issued [2011]4 document).

Opinions from

The introduction of this document is undoubtedly a great event and a good news for the textile industry of Hunan province.

With the strong power of the provincial government, Hunan textile will usher in a new era of comprehensive upgrading of industries and the overtaking of corners.

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Above Designated Size textile enterprises reached 1000 yuan, the total industrial output value was 150 billion yuan, the main business income was 150 billion yuan, the profits and taxes were 6 billion yuan, the fixed assets investment amount was 50 billion yuan, the direct employment rate was 400 thousand yuan, by 2020, the total industrial output value was 250 billion yuan, the product structure was further optimized, the fiber consumption ratio of the three largest terminal products of clothing, household and industry was developed to 55:25:20 from the current 70:20:10; the industrial scale was further expanded; by 2015, the cotton textile reached 6 million spindles, forming the 3 large textile industrial cluster and the textile industrial base with a certain scale and influence; and cultivating the textile enterprise group with annual sales income of 30~50 billion yuan, the listed company's home of 20%, the famous trademark of China, the famous trademark of Hunan, and the famous brand of Guangdong Province. The expectation of the development target is that the gross domestic product of the textile enterprises above Designated Size in Hunan will achieve an average annual growth of 20%, and by 2015, the whole province will reach an average annual growth rate.

In the opinion, we also emphasized the support for new industries and core enterprises in key industries.

We encourage and support the development of dominant industries and core enterprises such as clothing, cotton textile, printing and dyeing, home textiles, industrial textiles and so on.

Ramie production and marketing will be included in the cotton production and operation system to stabilize the planting area of ramie.

Speed up the research and promotion of new industries and new technologies such as special chemical fiber, bamboo and wood fiber, and build industrial alliance of characteristic industries and new industries.

In terms of increasing policy support, the opinion pointed out that key support projects for textile and clothing projects included in the "four thousand project", new industrialization and the "12th Five-Year plan" key projects were given priority.

The industry bottleneck technology and other special funds and special funds for science and technology to give active support.

The business tax is exempt from the income from technology development, technology pfer and related technical services and technical consultation.

In order to develop research and development expenses for new technologies, new products and new technologies, and enter into the profits and losses of the current period, the enterprise shall deduct 50% of the research and development expenses on the basis of the actual deduction according to the regulations, and the intangible assets shall be 150% amortized according to the intangible assets.

Cotton textile enterprises purchase cotton and deduct the tax on value-added tax according to the regulations.

We should improve the credit service and financing environment for the textile industry, and increase financial support for key textile projects and cotton purchase funds.

Financial institutions in the province should increase credit support for textile enterprises, and support qualified textile enterprises to carry out the pilot work of RMB settlement in cross-border trade.

Credit Guarantee Corporation at all levels should actively provide financing guarantee services for small and medium-sized textile enterprises.

Focusing on expanding export scale, we should do a good job in the export base construction of textile and garment industry.

The export base should give priority to information services, policy guidance, credit delivery and financial support.

The state tax department promptly accepts the tax rebate declaration of textile exporting enterprises, exits the examination and approval of the tax refund, and promptly handles the withdrawal of the warehouse.

Textile and garment enterprises are encouraged to set up overseas sales platform through overseas factories to drive export of products and expand export share.

We should give priority to foreign investment and platform construction of textile enterprises, and give priority to provincial special funds for foreign economic and technological cooperation.

It is important to support textile and garment enterprises to participate in Canton Fair and related overseas fairs. On the basis of the current policy of supporting overseas exhibitors, we will increase support for textile and garment enterprises to participate in overseas exhibitions and exhibitions, and encourage and help enterprises to hold special product fairs overseas.

Textile and garment enterprises take part in overseas exhibitions. Subsidies should be granted from the upper limit of the exhibition fee support from the development of foreign trade and economic cooperation and the promotion of funds for international market development of small and medium-sized enterprises.