Home / Knowledge / News / Textiles / Banarasi silk weavers to bless silk yarn import duty cut: MP Unnao (UP)
Banarasi silk weavers to bless silk yarn import duty cut: MP Unnao (UP)
30
Apr '11
Textile industry of Varanasi, worldwide famous for intricately designed Chikan work and luster brocaded (Banarasi Silk) sarees, has been the backbone for the state's economy since years. However, past few years it has been losing its sheen due to various reasons including trade anomalies.

Nevertheless, Eastern U P Exporters Association (EUPEA), and the MP of Unnao – Ms Annu Tandon have jointly streamlined their efforts to reverse the situation.

The very first milestone success in their visionary agenda was reduction of raw silk yarn import duties in recent budget 2011 two months back.

Speaking exclusive with Fibre2fashion team, Ms Annu Tandon , MP of Unnao, informs - “Banaras silk industry is a very big, and is not something that developed in the recent past. Unfortunately, over a period of time, this industry has been noticed losing its charm and influence, not over the question on weavers' ability or intrinsic skills, but because of unavailability of adequate raw material- Silk yarn, a major issue”

Raw material for these sarees is therefore imported from China as it is not manufactured sufficiently in the country due to various inevitable factors one being meager manufacturers in this line.

This dependence on China for silk yarn is definitely a problem for industry in Unnao MP's view, but more so, it is the trade anomaly happening due to import duties on Chinese silk yarn available to industry at very high duty rate of 30% where as Chinese silk fabrics at the rate of just 5%, that had been creating a bigger problem according to Ms Tandon.

Ultimately including labor, production of fabrics in country from imported Chinese yarn was costlier to ready imported Chinese fabrics which were available at much lower price. These had further created unhealthy profit making trend in southern silk makers. In such a scenario, losers were basically poor weavers in Varanasi.

“This anomaly had to be removed, and the matter was conveyed to Sonia Gandhiji, President of Indian National Congress, and she understood it well and supported to bring down the import duty on silk yarn from 30% to 5%,” Ms Tandon brings to notice while commenting in gratitude to Mrs Gandhi and other instrumental companions in the league of successfully reducing silk yarn import duties.

Ms Annu Tandon and EUPEA affirm their confidence in the benefits that this duty reduction is to bring on Varanasi silk sector, and ultimately to weaver class. “They will bless it for the benefits it is to bring and revamp their sector greatly,” assures the MP.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

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

Wendell Rodricks
Wendell Rodricks

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

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
January 2017

January 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