In recent months, the Ministry of Finance issued a significant circular titled *"Circular on Issuing the Investment Budget (Allotment) of Domestic Bonds for Domestic Demand Increasing in 2009 on the Key Industrial Revitalization and Technical Renovation (The First Batch) Project."* This initiative is backed by government subsidies aimed at supporting key industries and technological upgrades. Among the recipients was Zhejiang Semir Clothing Co., Ltd., which received funding for its project to build a clothing sorting system with an annual output capacity of 9 million casual apparel items. The total allocated amount for this project was 10.8 million yuan.
According to reports, the city has three such projects approved under this program, collectively receiving a total of 21.87 million yuan in grant support. These include not only Zhejiang Semir Clothing but also Wei Ming Environmental Protection Equipment Co., Ltd., which focuses on garbage incineration and flue gas treatment systems, and Jiangnan Valve Co., Ltd., which is developing large-scale petrochemical valves. Each project received different amounts of subsidies: 10.8 million, 5.96 million, and 5.11 million yuan respectively.
These grants are intended to support enterprise revitalization and technological innovation, especially during the challenging period of the global financial crisis. They play a crucial role in helping small and medium-sized enterprises (SMEs) restructure, upgrade their operations, overcome technical barriers, and ultimately enhance their innovation capabilities and market competitiveness. This financial assistance has injected much-needed momentum into the industry, fostering growth and resilience in the face of economic uncertainty.
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