Overseas Preferential Policies Help Enterprises Develop Rapidly And Have Many Advantages.

The "one belt and one way" as China's new international strategic framework has brought multiple opportunities for development to China's economy. Chinese enterprises will set off a wave of "going global" and expanding overseas investment will become an irresistible trend.

All the countries along the route develop their own textile and garment industry and make various plans.

Attracting foreign investment to promote the rapid development of industry.

As the second largest textile country after China and the key country of "one belt and one road", India has launched a number of supporting policies for textile and garment enterprises, such as capital subsidies, interest subsidies, energy subsidies, tax subsidies, training subsidies and so on.

Mature in Andhra Pradesh

Brandi, BIAC, based on the preferential policies promulgated by the Andhra Pradesh state government in India, can also enjoy many preferential services provided by the park for the enterprises to help the rapid development of Chinese investment enterprises.

The import of raw materials and production equipment (whether old or new) can be enjoyed by the enterprise and no license is required. In addition, the park enterprises can also exempt all the local tax items such as consumption tax, service tax and value-added tax.

In the entire textile industry value chain, any end product / semi finished product (from cotton to garments and finished products) that has been taxed in the production process can enjoy tax rebates of value added tax, central sales tax, special goods consumption tax, and the highest 100% tax rebate for eligible and fixed capital investment.

In Brandi J's clothing city (BIAC),

The investment allowance of 20% of fixed investment assets can be obtained, and the maximum subsidy amount can reach US $1 million 600 thousand.

At the same time, enterprises can enjoy more than 12.5% of the interest rate subsidy rate of regular loans, basically equivalent to interest free loans, compared with the Andhra Pradesh government introduced 2015-2020 textile and clothing preferential policies compared to more extensive.

The Andhra Pradesh government provides a total subsidy of up to 1 billion billion rupees for independent clothing and apparel enterprises. Eligible enterprises enjoy different capital subsidies according to the type of investment and the total amount of fixed assets.

For cotton gin, cotton spinning, weaving, printing and dyeing, processing, knitting, garments / finished products, machine blankets, mechanical embroidery enterprises and any other processing activities in the textile value chain such as curling, curling, knob, winding and finalization, the maximum annual interest allowance is 8%, providing interest subsidies of up to 7.5% for spinning and modern cotton gin, and interest subsidies will last for seven years, including two-year deferred payment or earlier repayment of loans.

Backwardness of infrastructures and shortage of energy are important factors that impede the development of India's textile industry. But in Brandi J (BIAC) clothing city, this short board is no longer an obstacle.

Brandi J Garment City (BIAC) has a complete and modern infrastructure, and has established a fully functional power facilities, water supply plants and sewage treatment plants. Sufficient spare capacity can fully meet the application of the park enterprises.

In addition, the park also provides 5 years of power subsidies to the enterprises. Cotton spinning enterprises can enjoy 1 rupees / degrees of electricity subsidies, and the other clothing enterprises are subsidized to 1.5 rupees / degrees. The subsidy period starts from the date of commercial production.

Such subsidies are the same as the policy subsidies introduced by the Andhra Pradesh government.