Home / Knowledge / News / Textiles / India's silk imports from China rise in value
India's silk imports from China rise in value
14
Mar '13
India’s raw silk imports from China increased by 14.23 percent in value from imports worth Rs. 8.965 billion in 2010-11 to Rs. 10.242 billion in 2011-12.
 
However, in terms of quantity, there was a decline of 6.73 percent from 5,539 tons in 2010-11 to 5,166 tons in 2011-12, according to the information given by the Minister of State in the Ministry of Textiles, Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha, the Upper House of Indian Parliament.
 
During the current fiscal 2012-13, as per the latest provisional data, India has already imported 3,645 tons of raw silk from China worth Rs. 9.032 billion, the Minister said.
 
To reduce the dependence on China for raw silk and to promote the domestic sericulture industry, the Government of India in its Budget for the year 2013-14 has announced increase in the basic custom duty on silk imports from the existing level of 5 percent to 15 percent.
 
In addition, the Government of India through Central Silk Board (CSB) implements a Centrally Sponsored Scheme, viz “Catalytic Development Programme” (CDP), in collaboration with the State Sericulture Departments, under which financial assistance is provided to the stakeholders of silk industry.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
February 2017

February 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