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Xinjiang makes 2014-20 textile industry development plan
11
Sep '13
The Xinjiang Uyghur Autonomous Region, located in the northwestern part of China, has prepared a 2014-20 textile and garment industry development plan with an aim to promote employment of millions of people.
 
The plan proposes to increase Xinjiang cotton spinning capacity to 20 million spindles by 2020, compared to the presence of 7 million spindles in 2012.
 
Xinjiang is China’s largest cotton production base, and it accounts for over 50 percent of China’s total cotton production. The region is also one the country’s largest bases for chemical fibre pulp and viscose fibre production, with annual capacities of 800,000 tons and 670,000 tons, respectively.
 
In 2012, Xinjiang’s textile and garment industry output value reached 163.5 billion yuan. Of this, the industrial output value of large-scale enterprises touched 21.5 billion yuan.
 
According to experts, Xinjiang has advantages like it is rich in cotton resources, has sufficient low-price electrical energy, wasteland to build more textiles and garment factories without occupying arable land, and is located in the heart of Eurasia.
 
All these create a favorable situation for residents living close the Central Asian countries to develop export-oriented garment factories.
 
In order to support the development of the textile and garment industry in Xinjiang, the local government has introduced subsidy policy for preparing cotton yarn from Xinjiang cotton.
 
It has also introduced fiscal and tax preferential policies to support the textile and garment industry.
 

Fibre2fashion News Desk - India


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