Home / Knowledge / News / Textiles / Xinjiang textile enterprises raise 10.4 bn yuan
Xinjiang textile enterprises raise 10.4 bn yuan
10
Aug '16
Fifteen textile and garment enterprises from the Xinjiang Uygur Autonomous Region in China have signed agreements with 14 financial institutions to raise 10.4 billion yuan.
 
The amount was raised during the third match-making meeting held between financial institutions and textile and apparel enterprises from the province.
 
In 2014, 3.2 billion yuan was lent by financial institutions to textile enterprises in the province following a match-making meeting. Last year, the amount raised was 4.6 billion yuan.
 
In 2015, a total of 382 new textile and garment enterprises were set up in Xinjiang, creating 97,000 new jobs. These enterprises together added 3.46 million cotton spindles and a new apparel production capacity of 90.52 million pieces. The total profit earned by large-scale textile enterprises was 1.46 billion, about 1.6 times the profit earned in 2014. Likewise, the value-added tax payable nearly doubled from 2014 amount to 567 million yuan.
 
Since the beginning of this year, there has been fast growth in credit taken by the local textile and clothing industry. In first quarter of 2016, the credit amount raised by these enterprises witnessed a 103.3 per cent growth over the corresponding period of last year. (RKS)
 

Fibre2Fashion News Desk – China

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Rupa Sood and Sharan Apparao
Nayaab

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

Silvia Venturini Fendi
Fendi s.r.l

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

Wendell Rodricks
Wendell Rodricks

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

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