Home / Knowledge / News / Textiles / Lower power tariff to draw investment in Aksu textile city
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

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 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