Home / Knowledge / News / Fujian footwear industry gets subsidy
Fujian footwear industry gets subsidy
28
Jan '08
The Government officials of Fujian Province declared that they will soon introduce a series of policies to support foreign trade in the region. The authorities will provide funds for both importers and exporters of footwear enterprises, to help setting up factories outside China.

This will help traders for promoting their independent brands, e-commerce and exhibit their products overseas.

The provincial Government has decided to provide greater support to those who will set up trade outlets and factories in overseas markets. Although, the authorities are still thinking over the final amount of subsidy.

According to reports the qualified enterprise can get as much as 100,000 yuan of financial support for each outlet or factory they apply for.

Till the end of 2007, Fujian Province had approved 577 offshore enterprises (including overseas offices). Most of the projects are located in more than 60 countries in Asia, Europe, Africa, North America, South America, Oceania and regions. Some of the newly approved ventures are distributed in five countries of Sudan, Cote d'Ivoire, Ethiopia, Ghana and Chile.

If one goes by available reports, it can be observed that private enterprises have played an active role in setting up offshore units.

Fibre2fashion News Desk-China


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search