Lately, three textile enterprises in Xiaodhan city were allotted special funds of RMB5 million.

This fund is allotted to increase growth of foreign trade and Government is giving this fund to only selected units.

The companies which bagged this fund are Zhejiang hangyi Holding Limited Co, Zhejiang Ming Wah Purchase Exposition Limited Co and Zhejiang Huaxin Holding Group.

Zhejiang hangyi Holdings Limited Co's project ‘engineering center for high and new fiber’s development and industrialization’ and Zhejiang Ming Wah Purchase Exposition Limited Co's project ‘public service platform for circulation and innovative of modern textile’ was allotted the fund worth RMB2 million each.

Moreover, Zhejiang Huaxin Holding Group’s project ‘digital production technology and product development of green textile materials’ was allotted fund of RMB1 million.

According to sources, about 20 enterprises received the special fund worth RMB27 million in Zhejiang Province.
 
Fibre2fashion.com News Desk-China