Home / Knowledge / News / Textiles / Chinese govt to invest in Xinjiang textile industry
Chinese govt to invest in Xinjiang textile industry
17
Jan '14
The Government in China will invest 10 billion yuan of special funds to support the development of the textile industry in Xinjiang, aimed at creating 100 million jobs. To support the Central incentive, the regional government will also invest an equal amount for developing the textile industry in Xinjiang.
 
The funds are mainly to be used in three areas—to support the introduction of mainland textile and clothing manufacturers in Xinjiang, to provide subsidies and other freight and tax benefits to Xinjiang run textile enterprises, and to support the infrastructure of the textile industrial park.
 
In accordance with the current plan, the development of the textile industry in Xinjiang will see implementation of ‘Three cities, Seven parks, and a Centre’. The three cities refer to Aksu, Korla and Shihezi, while the seven parks are Hami, Bachu, Alar, Shaya, Manas, Kuitun, and Huoerguosi. Centre refers to the construction of textile and clothing trade center in Urumqi.
 
An estimated 200,000 people are currently employed in Xinjiang textile and garment industry, which has been struggling with losses in recent times.
 
In 2013, Xinjiang produced 3.4 million tons of cotton, accounting for about half of the total cotton produced in the country. In fact, cotton accounts for about 35 percent of the income of farmers in Xinjiang, and it contributes between 50 percent and 70 percent to income of farmers in the southern counties. The cotton production greatly affects the processing industry, and the Central and regional government support to the Xinjiang textile industry can be termed as ‘timely’.
 

Fibre2fashion News Desk - India

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search