Xinjiang: The Necessary Place For Textile And Apparel Enterprises

The cost has increased, while the price of exports has not risen.

domestic

The days of enterprises are becoming increasingly sad.

The shift from coastal to inland areas has become the choice of many textile processing plants. As the largest cotton producing area in the country, Xinjiang is also the textile.

Enterprises must be chosen.

"In recent years, Xinjiang's textile and garment industry has become the fastest growing region in the country."

On March 16th, Xu Wenying, vice president of China Textile Industry Federation, said at the Fifth China Asia Europe Expo textile and clothing exhibition.

Data show that in 2015, the fixed assets investment in Xinjiang's textile and garment industry reached 31 billion 800 million yuan, an increase of 2.3 times compared with 2014, and more than 380 new textile and garment enterprises.

Jinsheng, Tianhong, Hong Kong beans, and other well-known textile and garment enterprises have invested in Xinjiang. The enterprises such as Huafu, Ruyi, Xinye and Huamao invested in Xinjiang have also speeded up their capacity expansion.

The five Central Asian countries adjacent to Xinjiang are 2.4 times the size of Xinjiang, and the population is 2.8 times that of Xinjiang. The annual imports of clothing are more than 50 billion yuan.

Russia's textile and garment industry can only meet 20% of the domestic market demand, mainly relying on imports. China's clothing accounts for more than 50% of Russian imports.

Xu Wenying believes that "relying on Xinjiang's unique policy advantages, geographical advantages and cultural advantages, expand Central Asia, Western Asia and Russia.

It has huge potential and unlimited business opportunities.

In order to attract more investment and attract more mainland enterprises to set up factories, Xinjiang has also given many new preferential policies to promote the development of the textile and garment industry. For example, the subsidy cycle of textile and garment enterprises, such as loan discount and outgoing freight subsidy, will be shortened from one year to the first quarter; a textile and garment industry guide fund with a scale of 10 billion yuan will be set up to invest in the investment of well-known textile and garment enterprises in Xinjiang investment enterprises and reduce the financing cost; three years of free rent to the labour intensive enterprises such as garments and home textiles invested by the mainland, and the establishment of special funds for the international market development of the textile and garment industry.

At the same time, the NDRC industrial special construction fund also tilted to the textile and garment industry projects. The first batch has supported 7 textile and apparel projects this year, totaling 442 million yuan, and this year there will be three batches.

In 2016, the target of fixed assets investment in the Xinjiang Uygur Autonomous Region's textile and garment industry was 45 billion 500 million yuan.