The Costumes And Arts Festival Signed 40 Projects &Nbsp, With A Total Investment Of 8 Billion 800 Million Yuan.

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Autonomous Region leaders Wang Zhengwei, He Xueqing and Li Rui attended the signing ceremony.

In recent years, with the concern and support of the China Textile Industry Association and the relevant state ministries and commissions, we have intensified the restructuring of light textile industry, vigorously implemented asset restructuring, and actively changed the mode of development. The textile industry has achieved rapid development, and local characteristics and comparative advantages have become increasingly evident. The textile industry has become one of the pillar industries of Ningxia's social and economic development and one of the important livelihood industries.

In particular, the cashmere industry has sprung up and developed rapidly. The total output accounts for 70% of the world's total and 60% of the world's total value. Its annual output value is nearly 8 billion yuan. It has become an important national distribution center for cashmere and a processing base for cashmere products.

In the evaluation of the top 500 competitiveness of China's textile and garment enterprises, 10 cashmere enterprises in Ningxia, including cashmere industry, are on the list.

The level and strength of light textile industry in our region has made domestic and foreign businessmen investing in Ningxia steadily rising.

The signing of the contract involves textiles, clothing, cashmere and many other fields. Among them, the Helan county government has signed the "otles world famous discount City Project", which invested 3 billion yuan in the investment of the Hongkong county government and the world famous brand discount City Holding Co., Ltd. in Hongkong. The Ningxia Zhong Yin industry and Zhangjiagang Zhong Rong International Trade Co., Ltd. signed a construction project of "Ningxia Zhong Yin cashmere raw material Co., Ltd." which invested 2 billion yuan. The Yinchuan City Jinfeng district government and Shenzhen City root Clothing Co., Ltd. signed an investment of 120 million yuan for the project of textile and garment high-tech incubator of the company.

The introduction of these projects will surely push forward the implementation of the western development process in Ningxia, and will inject new vitality into the development of the industries with special advantages in cashmere, clothing and other textile industries in our region.