Madagascar Textile Processing Factory: Localization War Brings Mutual Benefit And Win Win.

[case introduction]

The African Madagascar textile processing plant was invested wholly by the Inner Mongolia deer King cashmere Co., Ltd., and was put into operation in 1997.

The factory is located in the Bartle Road, Madagascar, capital of Dali Road, the capital of Dali road duty-free Industrial Zone, with a total investment of US $35 million, of which the first phase invested US $4 million 600 thousand, and the two phase invested US $4 million 530 thousand. In 2013, we carried out the third phase of renovation and expansion and invested 25 million 870 thousand US dollars.

[project efficiency]

The project produces 1 million 800 thousand knitted products such as cashmere sweaters and so on, with an annual export volume of about 68 million US dollars.

The project adheres to the development path of localization, provides a large number of employment opportunities for local people, and trains a large number of textile technology and management talents.

The advanced technology and management ideas adopted by the project have promoted the development of local industry, especially the development of processing industry and related supporting industries.

The project continues to expand overseas markets, while at the same time developing itself, it also brings foreign exchange revenue to the region, increases local taxes, and contributes to local economic development and social stability.

[replication and promotion prospects]

Inner Mongolia deer King cashmere Co., Ltd. invested in the construction of Madagascar textile processing plant has been operating for 22 years, has accumulated rich experience in African factories. The experience and practice of relevant projects have a good prospect of replication and popularization in African countries and regions with sufficient labor resources, encouraging foreign investment and certain textile industry foundation.