Home / Knowledge / News / Textiles / Duty cut on silk imports affects Indian reelers
Duty cut on silk imports affects Indian reelers
08
Feb '12
Indian sericulturists have been affected by the Government's decision to reduce the duty on import of silk from 31 percent to 5 percent through its 2011-12 Budget.

The move has led to a decline in the price of cocoons, which has currently come down to Rs. 160 per kg, compared to Rs. 300-400 per kg about a year ago.

The market transactions have dwindled and the supply of cocoons has also reduced in several silk markets across the country.

This has severely impacted the livelihood of reelers and sericulturists, who have been dependent on silk reeling for generations. In fact, it has become difficult for them to continue reeling due to low supply of cocoons.

As a result, several reelers have become debt-ridden and are unable to buy fertilizers for mulberry cultivation.

Even the promises of financial assistance given by some State governments have not yet been implemented.

Andhra Pradesh, Assam, Himachal Pradesh, Jammu and Kashmir, Karnataka, Kerala, Maharashtra, Tamil Nadu and Uttarakhand are the major Indian States engaged in sericulture.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search