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Lower power tariff to draw investment in Aksu textile city
18
Jan '14
At the second session of the Autonomous Region People’s Congress, it was informed that efforts are on to solve the electricity problem and sewage treatment at Aksu textile city, and once these two issues were resolved, the autonomous region will further promote investment in the textile city.
 
In 2014, programs would be implemented for promotion and development of the textile and garment industry in Xinjiang, and thereby to generate employment opportunities for millions of people.
 
As a part of the program, comprehensive measures will be adopted to reduce the impact on textile and garment enterprises, in terms of taxes, and thereby promote the healthy development of the textile industry. Under the program, three textile cities are planned to be built at Aksu, Korla and Shihezi.
 
The cotton acreage in Aksu Prefecture remains around 450 acres, and is famous as China’s ‘long-staple cotton town’. Aksu accounts for one-third of cotton produced in Xinjiang and about one-sixth of cotton produced in China. It is the country’s largest production base for high-quality cotton and the only long-staple cotton producing area.
 
The development of the textile industry in Aksu can consume a lot of local cotton resources and achieve industrial upgrading. Moreover, it would give full employment to over 300,000 cotton farmers in the Prefecture.
 
The price of electricity in Aksu textile city has now been reduced to 0.45 yuan per kWh from the earlier 0.56 yuan per kWh. However, the price still remains high compared to Shihezi and Korla textile cities. After the completion of a thermal power plant, the tariffs in the textile city will further reduce to 0.35 yuan per kWh, giving a huge boost to investment.
 
The textile city is also preparing to launch a sewage treatment plant with capacity to process 50,000 tons of sewage per day. The water released from textile dyeing and printing units would be recycled for the use of thermal power plants.
 

Fibre2fashion News Desk - India

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