Textile industry investment is hot in Xinjiang
A calculation report issued by the People’s Government of the Autonomous Region to the Ministry of Finance shows that Xinjiang is becoming a province with high investment enthusiasm for domestic fabric companies.
On February 6, reporters learned from the fabric office of the autonomous region that cotton yarn produced in Xinjiang is 3,600 yuan cheaper per ton than in coastal areas and 4,600 yuan cheaper than in Vietnam. With the support of a series of national and autonomous region policies, in 2016, Xinjiang added an average of two fabric companies every day.
Data shows that currently, more than 40 well-known fabric companies at home and abroad have invested and set up factories in Xinjiang. Among them, there are more than 10 listed companies, which has doubled compared with 2009. The scale of newly built and reorganized cotton textile and weaving production capacity in Xinjiang from outside Xinjiang accounts for more than 85% of Xinjiang’s total production capacity. Mainland enterprises entering Xinjiang have become the main body of Xinjiang’s fabric workwear industry.
It is understood that Xinjiang has formed five major industrial clusters: Urumqi-Changji, Shihezi-Kuitun, Korla-Yuli, Aksu-Alar, and Kashgar, and has initially formed an industrial cluster development pattern of “three cities and seven parks” .
As my country’s main cotton producing area, Xinjiang’s cotton resources account for more than 60% of the country’s output. Today, Xinjiang’s fabric workwear industry is expanding from cotton and spinning to downstream weaving, printing and dyeing, knitted fabrics, workwear, accessories, and auxiliary machinery, forming a clear industrial positioning and development direction that reflects Xinjiang’s characteristics.
As of the end of November 2016, Xinjiang had 258 new mainland fabric workwear companies investing in Xinjiang, of which 70% were back-end companies such as weaving and knitted fabrics, workwear, and home textiles. above.
In the future, the autonomous region will focus on seven major industries, including workwear, cotton textiles, wool fabrics, knitted fabrics, chemical fibers, printing and dyeing, and carpets, to increase investment efforts and focus on attracting superior brands from the eastern and central regions. Enterprises and leading enterprises in the entire industry chain have made progress in entering Xinjiang, and strive to basically build an important national cotton textile industry base, a workwear and apparel production base in the northwest region and the core area of the Silk Road Economic Belt, and a westward export distribution center by 2020.
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