Youyang County, located in Chongqing, has become a new hotspot for textile investment as several Hong Kong and Jiangsu-based companies have committed to investing 1 billion yuan to establish the largest denim processing park in western China at Youyang Industrial Park. The first wave of these enterprises has already completed their registration and is now operating within the park. According to official reports, the project aims to develop a major denim production base with 30 textile companies within the next three years, making it the leading denim manufacturing hub in the region.
So far, two major companies—Chongqing Gold Coast Garment Co., Ltd. and Chongqing Hepeng Garment Manufacturing Co., Ltd.—have officially set up operations, with a combined investment of 300 million yuan. A local government official from Youyang highlighted that the county's competitive advantages in attracting foreign investment include low land costs, affordable labor, and favorable policies. The current land transfer price in Youyang Industrial Park is only 50,000 yuan per mu, significantly lower than the three times higher rates seen in coastal areas. Additionally, the average wage of workers in Youyang is around 1,000 yuan per month, roughly half the cost of labor in coastal regions.
To further attract investment, the industrial park has introduced new preferential policies. Companies investing over 5 million yuan in fixed assets can receive rent subsidies for 1 to 5 years. Moreover, businesses that make a one-time investment of 10 million yuan or more are eligible for a 15% income tax reduction. For every 1 million yuan invested, the government will also provide one mu of land. These incentives are expected to accelerate the growth of the denim industry in Youyang and solidify its position as a key player in western China’s textile sector.
Rayon Hawaiian Dresses,Rayon Women'S Clothing,Rayon Sheath Dress,Rayon Cocktail Dresses
Ningbo Ysang Garment CO.,LTD , https://www.nilesone.com