China to speed up pace of Xiaoshan fibre technology city

12 Sep '13

2 min read

In order to effectively enhance the current chemical industry development, China is increasing the pace of construction of Xiaoshan Chemical Technology City.

The Xiaoshan fibre technology city is coming up along the Qiantang River in the Hangzhou Bay Industrial Zone, in Zhejiang province, on an area of 17.7 sq km.

The project is aimed at building the world’s finest synthetic textiles production base, and it lays emphasis on five core areas.

The first area is collaborative innovation, wherein the high-tech city will establish a business-oriented, government-led combination of innovation system, and construct chemical new materials technology research and development and promotion centre, thus enhancing all aspects of industrial development technical support.

The second aspect is capital. The fibre technology city will rely on existing industrial advantages, and would attract investment from venture capital funds, and other strategic investors to accelerate the development of competitive enterprises.

The third aspect is relying on scientific innovation, and improving technology transfer mechanisms to create new materials in the chemical fibre and chemical fibre equipment field.

Fourth, the technology city will work with well-known domestic chemical fibre industry institutions for training and other comprehensive cooperation, attracting all kinds of innovation and entrepreneurship.

Lastly, driven by science and technology, the city will focus on chemical fibre industrial transformation and upgrading of basic requirements, based on the existing scale of the industry, product categories, business tier, and industry collaboration to further enhance the formation of leading scale, high-tech products.

To better promote the restructuring of the industry development, the high-tech city will also take advantage of the booming e-commerce and networking industries, as well as accelerate the industrial cross-border integration.

Fibre2fashion News Desk - India

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