Home / Knowledge / News / Textiles / Duty relaxation to harm Jharkhand silk sector - CM
Duty relaxation to harm Jharkhand silk sector - CM
29
Apr '11
The Union government in the recent general budget has announced a reduction in excise and custom duty on silk imports to five percent from 35 percent.

However, stimulated by the significant rise in local silk production figures for last five years, Jharkhand Chief Minister Arjun Munda has called on the Union government to review its decision.

Munda underlined the fact that, over the last five years, the state's raw silk production has gone up to 716 metric tons from 40 metric tons in 2005. Now, if low-priced imports are allowed, it would not be long before that, China would procure raw silk from India, and India would be left with no other option but to buy back finished silk from China by paying a higher price, he added.

Munda, while inaugurating a seminar of silk scientists on April 26 stressed on the need to induce increasing number of people to join the industry. Above 200 scientists from all across the country participated in the two-day seminar to discuss several issues like boosting production and quality of forest silk, and those related to its processing and marketing, so as to cash in on the ever rising demand for the commodity.

B C Prasad, Director of the Central Tasar Research Institute stated that, as against present annual production of 1,050 metric tons, scientists are eyeing an annual production of 5,000 metric tons of raw silk during the 12th five year plan. He further stated that, Jharkhand, with its state-of-the-art processing techniques developed for processing four wild varieties of silk – Tasar, Oak, Moonga and Erri, could greatly contribute to this production target.

Further, Munda while stating the silk industry to be a labour intensive cottage industry, said that in order to boost silk production in coming years, increasing number of women can be provided training and induced to engage in silk rearing and production.

He said that, they now even intend to start dyeing process, which would facilitate production of finished silk within the state itself. Also he said that, with this local brand, they mean to compete with silk from Varanasi and Bhagalpur.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Eric Scholler
Groz-Beckert

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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