Substantial Progress Has Been Made In Developing Textile And Garment Industry In Xinjiang

In order to solve the problems of all ethnic groups in Xinjiang, especially

In July this year, the autonomous region issued the "opinions on developing the textile and garment industry to promote employment" and the "Xinjiang textile and garment industry driven employment plan (2014-2023)", and formulated ten support policies, which created a favorable policy environment for Xinjiang to accelerate the development of the textile and garment industry.

3 billion 500 million yuan to support the development of textile and garment industry

Developing textile and garment industry will be beneficial to

The advantage of cotton is the extension of agricultural products to the industrial field, creating a large number of employment opportunities.

Reporters learned that the national development and Reform Commission and the Ministry of finance have made a clear statement, from 2014 to 2018 for 5 consecutive years, each year produced 1 billion yuan to support the development of Xinjiang's textile and garment industry.

This year, the central government's funds have reached 1 billion yuan, and the autonomous region's finance has produced 2 billion 500 million yuan, totaling 3 billion 500 million yuan to support the development of Xinjiang's textile and garment industry.

The Ministry of finance has introduced policies and measures for VAT refund of textile and garment enterprises in Xinjiang. At the level of the autonomous region, a series of specific policies and measures such as freight subsidy for deep-processing products of textile and clothing, cotton subsidies by cotton textile enterprises, and freight subsidy standards for Xinjiang cotton yarn are also put forward at the autonomous region.

The deputy inspector of the Department of consumer products industry of the Ministry of industry and information technology, held in November 5th, revealed that the Ministry of industry and information technology carried out the second central Xinjiang work symposium spiritual work conference. The Ministry of industry and information is working together with the national development and Reform Commission to draft "guidance on supporting the development of Xinjiang textile and clothing industry and promoting employment". The initial and clear goal is that by 2020, the scale and technical level of the cotton textile industry in Xinjiang are in the forefront of the country, clothing clothing, home textiles and knitting industries have begun to take shape, the development of ethnic clothing and carpets and other characteristic industries is remarkable, and the intermediate links of the textile and dyeing industry chain are deployed, the viscose cleaner production and pollution control level fully meet the industry admittance requirements.

Basically completed the national important cotton spinning industrial base, northwest and Silk Road Economic Belt Core clothing and apparel production base and westward export distribution center.

"The textile and garment industry in Xinjiang is ushering in great opportunities for development. We hope that financial institutions can increase support for textile and garment enterprises and provide various facilities for us to build industrial parks, new factories and introduce new equipment."

On the occasion of the autonomous region's support for the development of textile and garment enterprises to promote employment and bank and enterprise docking, Chen Yuan, general manager of Urumqi guuri culture and Art Co., has revealed the aspirations of many textile and garment enterprises.

99% of the textile and garment enterprises are small and micro enterprises. According to the introduction, there are now more than 1400 textile and garment enterprises in Urumqi, and 8500 people are employed. Some of them have no factory buildings due to shortage of funds and so on.

A thorough investigation shows that in 2014, the demand for textile and garment enterprises in Urumqi was 772 million yuan, and the demand for capital in 2015 would increase to 1 billion yuan.

This shows that the shortage of funds has become the most prominent problem that hinders the development of many textile and garment enterprises.

Now, the Xinjiang textile and garment industry loan interest discount new policy that the government and enterprises are highly concerned about has already been introduced.

This is the implementation of the Interim Measures for the management of financial discount on loans made by the Xinjiang Uygur Autonomous Region textile and garment enterprises jointly issued by the autonomous region finance department, the credit commission, the finance office, the Urumqi branch of the people's Bank of China and the Banking Supervision Bureau.

The Implementation Measures stipulate that from January 1, 2014 onwards, the fixed assets loans for new and extended projects of the textile and garment enterprises of the autonomous region and the loans to enterprises' circulating capital shall be given 2 percentage points and 4 percentage points respectively, and the interest discount funds will be audited and appropriated in the next year.

The discount period for fixed assets loans is not more than 5 years, and the discount rate of working capital loans is not more than 3 years.

For enterprises enjoying three years of financial discount interest, the proportion of employees in Xinjiang less than 50% will cease to enjoy financial discount subsidy.

Ning Hongmou, director of the Finance Office of the autonomous region, said that the financial institutions should take the Xinjiang textile and garment industry as an object of encouragement and support. Banks should understand the real demand for credit funds of textile and garment enterprises, and the textile and garment enterprises should be more familiar with the loan process of bank credit approval, loan issuance and the Xinjiang equity trading center, so as to make good preparations for the project's financing.