Rapid development of textile industry in Zhejiang province has attracted overseas textile giants to invest in local units.
One month ago, Zhejiang Jianglong Textile Printing & Dyeing Co Ltd has formally been listed for transaction in Singapore.
The Chairman of Zhejiang Jianglong Textile Printing& Dyeing said that the company' success resulted from an investment of US $7 million from Singapore Temasek Holdings and Japan Softbank.
So far, there have been some textile units in Zhejiang province, which have achieved success from overseas investment funds.
Under the domestic control, most textile units have encountered financial difficulty.
Now, more textile units in Zhejiang province have begun to take interest in overseas investment funds.
Fibre2fashion News Desk - China
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