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Thinking about the investment boom in Xinjiang textile industry

by:GESTER Instruments     2021-05-08
'The development momentum of the textile industry in Xinjiang in the past two years is indeed very strong. We are ready to catch up to 2 million spindles on the basis of the current 1 million spindles to reach the spinning scale of 3 million spindles. Then we will invest in printing and dyeing factories, weaving factories, and garments. Factory, forming an integrated industrial chain of Shandong Ruyi in Xinjiang.” said Jia Lei, deputy general manager of Xinjiang Ruyi Textile and Garment Co., Ltd. at the 2016 Spring Yarn Show. Xinjiang Ruyi Textile and Garment Co., Ltd. is a wholly-owned subsidiary established after Shandong Ruyi Group acquired two local textile companies that continue to lose money-Tiansheng and Jintianyang. It is Shandong Ruyi Group's 'Belt and Road' development model with a 'pearl chain' development model. 'The Xinjiang position is in charge of the company.     Taking the 'One Belt One Road' as an opportunity, Shandong Ruyi is just one of the textile enterprises in Xinjiang. 'In 2015, the fixed asset investment in Xinjiang's textile and garment industry reached 31.79 billion yuan (including 6.66 billion yuan in the XPCC), an increase of 231% over 2014. There were 382 new textile and garment enterprises, of which 103 mainland textile and garment enterprises invested in Xinjiang. , Achieved 97,000 new jobs throughout the year (including 13,600 in the Corps).' Liang Yong, Deputy Secretary-General of the People’s Government of Xinjiang Uygur Autonomous Region and Director of the Textile Employment Office, recently held the 'Autonomous Region Development of Textile and Apparel Industry to Drive Employment Promotion Conference' Said in the speech.     31.79 billion yuan of new investment, a growth rate of 231%, 328 new companies, 97,000 new jobs, this is the remarkable achievement of Xinjiang's textile and garment industry after its “good start” in 2014. Since the central government decided to adopt the policy of “developing textile and garment industry to drive employment” in Xinjiang, Xinjiang's textile and garment industry has been like a high-speed express train, seizing the opportunity and using its own advantages to successfully attract investment from all parties and become the national textile industry. A force that has risen rapidly in recent years.     As an important strategic component of the “One Belt and One Road”, Xinjiang’s economic development is a key part of the country’s “One Belt and One Road” construction. Thanks to the promotion of the national strategy, the development of the textile and apparel industry has received continuous attention and attention from the top leaders of the central government. In addition, the introduction and implementation of preferential policies, the improvement of park infrastructure, and the establishment of market promotion platforms are all driving forces for the rapid development of Xinjiang's textile and garment industry. It should be said that the performance of Xinjiang's textile and garment industry is indeed very eye-catching in contrast to the increasing pressure of textile enterprises in the eastern region due to resource and environmental constraints. The strategic level of innate advantages     The development of Xinjiang's textile and garment industry has been popular for years. The first thing that cannot be separated from it is its innate advantages occupying an important position in the national strategy. The development of the textile and garment industry in Xinjiang to promote employment activities has been highly valued by national leaders. In addition, Xinjiang’s location in the core area of u200bu200bthe “One Belt and One Road” initiative has made Xinjiang’s textile and garment industry strong in its innate advantages at two strategic levels. The development has attracted much attention. Liang Yong said: 'In the past year, Comrade Yu Zhengsheng, member of the Standing Committee of the Political Bureau of the CPC Central Committee, Chairman of the National Committee of the Chinese People's Political Consultative Conference, and leader of the Xinjiang Work Coordination Group of the Central Committee, and other central leaders have made important instructions and in-depth instructions on the development of the textile and garment industry in Xinjiang to promote employment Textile and garment enterprises in Kashgar, Aksu, Yili and other places surveyed and expressed their condolences. The General Office of the State Council and the General Office of the People’s Government of the Autonomous Region have successively issued a number of documents supporting the development of Xinjiang’s textile and garment industry to drive employment. The Central Xinjiang Office also held the Xinjiang Textile and Garment Industry Finance Conference last year. Support and market development work coordination committee, and entrust the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance and other departments to form an inspection team to supervise and guide the textile and garment industry in Xinjiang. In addition, Zhang Chunxian, member of the Political Bureau of the CPC Central Committee and Secretary of the Party Committee of the Autonomous Region Leaders such as member of the Standing Committee and Chairman of the Party Committee of the Autonomous Region, Xuekeliti Zacker, and Executive Vice Chairman Huang Wei have also presided over many industry seminars, exchange meetings and special meetings focusing on the development of Xinjiang’s textile and garment industry.” said Liang Yong. : 'The care, guidance, and support of the CPC Central Committee and the Party Committee and Government of the Autonomous Region have greatly promoted the development of employment in Xinjiang's textile and garment industry.' Policy is king: 'Grasp the pain points' and innovative services. Although the development of Xinjiang's textile and garment industry is under the leadership of the central government It attaches great importance to it, but for a single company, specific industrial policies are an important consideration in choosing an investment location. The advantages of policies are also one of Xinjiang's biggest attractions for mainland enterprises.   
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