Home / Knowledge / News / Textiles / Extend anti-dumping duty on Chinese raw silk – ASSOCHAM
Extend anti-dumping duty on Chinese raw silk – ASSOCHAM
04
Apr '14
Batting for domestic silk producers, apex industry body ASSOCHAM recommended extension of anti-dumping duty on imports of raw silk from China till December 2015 in order to boost India’s raw silk production.
 
“India's silk industry is an employment oriented sector as it provides jobs to over 7.6 million people across 51,000 villages operating over 3.28 lakh handlooms and over 45,800 powerlooms with over 8.14 lakh weavers,” noted a study titled ‘Future of Indian Silk Industry,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
 
In January 2003, Government of India had imposed an antidumping duty on imports of Mulberry Raw Silk (not thrown) of 2A grade and below from China which remained in force until January 2008 and was subsequently extended till January 2014 after a sunset review.
 
“Clocking compounded annual growth rate (CAGR) of about eight per cent, India’s total silk imports have increased from over $124 million in 2000-01 to about $312 million 2012-13 with raw silk alone comprising for about 73 per cent of these imports worth over $227 million,” highlighted the ASSOCHAM study.
 
China is biggest exporter of raw silk to India accounting for almost 99 per cent of exported raw silk worth $224.5 million as of 2012-13, highlighted the study carried out by the ASSOCHAM Economic Research Bureau (AERB). “Raw silk imports from China have grown at over seven per cent CAGR during 2000-01 and 2012-13.”
 
Consumption of raw silk in India is likely to rise together with growth in per-capita income which rose from Rs 24,143 in 2004-05 to Rs 39,961 in 2013-14 and also due to increase in consumption expenditure on clothing, it added.
 
“Supply shortages is the prime issue being faced by Indian silk industry (weaving in particular) as there is a shortfall of over 5,000 metric tonnes (MT) resulting in dependence on silk imports to fulfill domestic needs,” said Mr D.S. Rawat, secretary general of ASSOCHAM while releasing the chamber’s study.
 
“Silk import restrictions have two facets; one is concern of sericulture farmers opposing cheap Chinese raw silk imports threatening their livelihood, while the other issue is of the weaving community which requires raw silk to meet the rising demand,” said Mr Rawat. “Thus there is a need to strike a balance between the two warring sections of the industry by periodically reviewing the import policy for raw silk taking into account balanced interests of both sericulturists and export manufacturers.”


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search