Textile And Garment Enterprises Enjoy Overseas Preferential Policies To Help Enterprises Develop Rapidly.

Brandi J (BIAC) park investment enterprise can enjoy a preferential tax rate of 20% enterprise income tax for up to 15 years, while the general corporate tax rate is 33%.

In addition, park enterprises can also exempt all local tax items such as consumption tax, service tax and value-added tax.

"

As China's new international strategic framework, it has brought multiple opportunities for development to China's economy. Chinese enterprises will set off a wave of "going global" and expanding overseas investment will become an irresistible trend.

In order to develop their own textile and garment industry, various countries along the route have formulated various preferential policies to attract foreign investment and drive the rapid development of the industry.

India is the second largest textile country after China and the key country of "one belt and one road".

A number of supporting policies such as capital subsidies, interest subsidies, energy subsidies, tax subsidies, training subsidies have been launched.

BIAC, a mature clothing Park in Andhra Pradesh, based on the preferential policies promulgated by the Andhra Pradesh state government in India, is also able to enjoy many preferential services provided by the park for the enterprises to help the rapid development of Chinese investment enterprises.

Large investment subsidies and interest subsidies

In Brandi J's clothing city (BIAC), investment enterprises can get 20% of the fixed investment assets, and the maximum subsidy is 1 million 600 thousand dollars.

At the same time, the enterprise can also enjoy the interest subsidy rate of higher than 12.5%, which is basically equal to the interest free loan, which is more expanded than the 2015-2020 textile and clothing preferential policies issued by the government of Andhra Pradesh.

The Andhra Pradesh government provides a total subsidy of up to 1 billion billion rupees for independent clothing and apparel enterprises. Eligible enterprises enjoy different capital subsidies according to the type of investment and the total amount of fixed assets.

For cotton gin, cotton spinning, weaving, printing and dyeing, processing, knitting, garments / finished products, machine blankets, mechanical embroidery enterprises and any other processing activities in the textile value chain such as curling, curling, knob, winding and finalization, the maximum annual interest allowance is 8%, providing interest subsidies of up to 7.5% for spinning and modern cotton gin, and interest subsidies will last for seven years, including two-year deferred payment or earlier repayment of loans.

Infrastructure and energy subsidies

Backwardness of infrastructures and shortage of energy are important factors that impede the development of India's textile industry. But in Brandi J (BIAC) clothing city, this short board is no longer an obstacle.

Brandi J Garment City (BIAC) has a complete and modern infrastructure, and has established a fully functional power facilities, water supply plants and sewage treatment plants. Sufficient spare capacity can fully meet the application of the park enterprises.

In addition, the park also provides 5 years of power subsidies to the enterprises. Cotton spinning enterprises can enjoy 1 rupees / degrees of electricity subsidies, and the other clothing enterprises are subsidized to 1.5 rupees / degrees. The subsidy period starts from the date of commercial production.

Such subsidies are the same as the policy subsidies introduced by the Andhra Pradesh government.

Preferential tax subsidy

Preferential tax policy is an important measure to attract foreign investment. Brandi J (BIAC) park investment enterprise can enjoy a preferential tax rate of 20% enterprise income tax for up to 15 years, while the general corporate tax rate is 33%.

The import of raw materials and production equipment (whether old or new) can be enjoyed by the enterprise and no license is required. In addition, the park enterprises can also exempt all the local tax items such as consumption tax, service tax and value-added tax.

In the entire textile industry value chain, any end product / semi finished product (from cotton to garments and finished products) that has been taxed in the production process can enjoy tax rebates of value added tax, central sales tax, special goods consumption tax, and the highest 100% tax rebate for eligible and fixed capital investment.

Brandi J Garment City (BIAC) is a model of innovation, technology and efficiency for the one-stop platform service in India garment industry. Besides enjoying the preferential policies of textiles and clothing in the Andra government and the park, the investment enterprises can also enjoy other unique advantages of BIAC clothing city (labor, labor, etc.).