China Central Government Invested 10 million yuan for Xiangyang Automobile Bearing Co., Ltd

Resource from: CBCC Likes:2950

Nov 01,2010

On October 18, reporters got the news from Xiangfan Development & Reform Commission: according to the《Notice On the Revitalization & Transformation of Key Industries (The Third) 2010 Central Budget for Investment Plans"》, which was made by National Development & Reform Commission, Ministry of Industry and Information Technology, there are totally 10 key industrial revitalization and transformation projects in the national plans in Xiangfan, and totally got 42.2 million yuan from the central government. Among all these projects, Xiangyang Automobile Bearing Co., Ltd got 10 million yuan which is the most. The national key industrial restructuring and technical transformation funds is the financial assistance fund established to expand domestic demand, accelerate the pace of industrial restructuring and revitalization. Besides, the funds mainly support the new, expansion and renovation project which is in accordance with the requirments of the national key industrial restructing and revitalization plan, meanwhile the funds has the significant impact on the restructing project. Such kind of project is widely used in electronic information, automobile, shipbuilding, petrochemical, textile, light industry, equipment manufacturing & steel, and many other relevant areas.

(CBCC)

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