Xinjiang Textile Industry'S Policy Support Is Strong, Doubtful Pfer Of Textile Business Base

Recently,

The announcement said that it decided to invest 100 million yuan in cash and set up Xinjiang Changshan Heng Hong Textile Technology Co., Ltd. in Xinjiang.

Regarding the establishment of Changshan textile company in Xinjiang, a textile industry analyst said it is very likely that Changshan shares are preparing for the next step to pfer the company's textile business to Xinjiang area. After all, it is possible to maintain the quantity and quality of raw materials on the one hand, and reduce the cost of pportation on the one hand, which is still very important for the textile industry with such low gross margins.

The guiding opinions of the general office of the State Council on supporting the development of Xinjiang's textile and garment industry to promote employment have pointed out that it is important to highlight the main body of enterprises and undertake industrial pfer effectively.

In Xinjiang, Xinjiang's "development" was introduced locally.

In the opinion of industry promoting employment, we further refined the related projects supported by policies, including setting up special funds for the development of textile and garment industry, implementing preferential tax policies, implementing preferential policies for low tariff, implementing textile and clothing freight subsidy policy, implementing the subsidy policy of Xinjiang cotton, implementing enterprise staff training subsidy policy, implementing enterprise social security subsidy policy, supporting the construction of high standard printing and dyeing wastewater treatment facilities, increasing support for Southern Xinjiang and increasing financial support, and so on, and ten supporting policies of textile industry from many aspects such as industry, taxation, electricity price, freight, subsidy, finance and so on.

Under such a favorable policy, even if the textile industry has been in the cold winter in recent years, there are many textile giants in Xinjiang area layout.

Huafu color spinning, red bean group, Shanghai Textile Group and other industries giants have increased investment in Xinjiang.

In June 30, 2015, Xinye textile invested 350 million yuan to build 110 thousand high-end spinning projects. Previously, the red bean group invested nearly 60 million in Xinjiang to build factories, and the project will produce 2 million sets of knitted underwear annually.

This time, Changshan shares set up a textile company in Xinjiang. The company insiders said that the Xinjiang national alar economic and Technological Development Zone of Xinjiang Changshan Heng Hong Textile Technology Co., Ltd. gave the company many preferential policies, such as special funds for the development of textile and garment industry, preferential taxation, preferential tariff, textile and apparel tariff subsidies, subsidies for the supply and use of cotton in Xinjiang, subsidies for enterprise staff training, subsidies for corporate social security, and financial support. At the same time, alar city, as a national smart city pilot, will also actively strive for cooperation in smart city and other software information development services with the company's North Ming Software Co., Ltd.

The above textile industry analysts believe that the Changshan stock is most likely to take full advantage of Xinjiang's policy advantages and cotton resources advantages, seize the opportunity to shift the textile production capacity from the Middle East to the west, gradually pfer the company's current textile production capacity, and make Xinjiang an important textile platform production platform.

In view of the downturn in textile business, the intention of Changshan shares to continue to promote high-end textile business is obvious. The establishment of a textile company in Xinjiang is most likely to be the further layout of the company at the raw material production side.