Cotton Yarn Tariff Increases, Multiple Policy Dividends Benefit Xinjiang Textile And Garment Industry

As an important event of the fourth China Asia Europe Expo, the 2014 Chinese clothing (11.34, 0, 0%) conference, hosted by the Ministry of industry, the China Textile Industry Federation and the the Xinjiang Uygur Autonomous Region people's government, opened in Urumqi on the 4 th.

Huang Wei, member of the Standing Committee and vice chairman of the autonomous regional party committee, said that the central and autonomous regions will gradually introduce and refine a series of policies and measures to vigorously support the development of Xinjiang's textile and garment industry.

Huang Wei said.

By creating a "policy depression" and "electricity price depression", we will attract more mainland textile and garment enterprises to join the Xinjiang and lead the development of local textile and garment enterprises in Xinjiang, thus promoting the development of Xinjiang's textile and garment industry and better solving the employment problem.

Liang Yong, deputy director of the economic and Information Commission of the autonomous region, said that in July, the autonomous region promulgated ten policies to support the development of the textile and garment industry, including the establishment of a special fund for the development of textile and garment industry with a scale of about 20 billion yuan.

As the main responsible department, after more than one month's refining work, the Xinjiang textile and garment enterprise income tax has been determined by 50% subsidies to the enterprise; the electricity price is down to 0.35 yuan / degree, which is about 50% cheaper than that of the mainland textile electricity. The subsidy of the northern Xinjiang cotton yarn is up to 800 yuan / tonne from 700 yuan / ton, and the southern Xinjiang cotton yarn is out of Xinjiang

Subsidies from 700 yuan / ton to 1000 yuan / ton; enterprises purchase materials from the mainland in accordance with 2% of the purchase subsidy freight; textile and garment enterprises recruited new employees, government funded training, and training fees from the original supply training institutions to direct subsidies to enterprises; at the same time, the newly recruited employees of Xinjiang social security enterprises pay part of the government subsidy 50%.

As a leading textile and clothing enterprise in Xinjiang, Tianshan textile (9.11, 0.03, 0.33%) said that the above preferential policies are beneficial to the company, especially the electricity price policy. The original electricity price of the company is 0.5 yuan / degree, and now it is reduced to 0.35 yuan / degree.

At the same time, the cashmere and wool used by the company also enjoy the same subsidy as cotton yarn.

Tianshan textile from this time

The general assembly was informed that the autonomous region government is coordinating the acceleration of the opening of international freight trains, and will open a special train to Germany in September, which will arrive in 10-12 days.

The main market of the company is in Europe, and will consider changing from air pportation to railway pportation, reducing the cost and increasing efficiency.

The chairman of the company, Wu Xian Zhang, said recently that the autonomous region has promulgated the "outline for developing the textile and garment industry to promote employment plan" (2014-2023 years). It is proposed that by 2023, the gross output value of textile and garment industry will reach 212 billion 500 million yuan. As an old enterprise focusing on the Xinjiang wool textile industry for 34 years, Tianshan textile will closely grasp the historical opportunity of the state to support Xinjiang vigorously developing the textile and garment industry, invite famous international organizations to comb the company's brand, integrate marketing channels, and gradually peel off auxiliary industries, so as to make the wool textile plate "light up to the battle array" and speed up the race.

It is understood that this is the first time that the Chinese clothing convention has been held outside the city of Beijing. This "moving" border town Urumqi aims to lead the domestic textile and garment industry elites to explore the forefront issues of the industry while understanding the central government's support for Xinjiang's preferential policies for developing the textile and garment industry. Relying on Xinjiang to open up Central Asia and even the European market under the background of building the Silk Road Economic Belt,