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

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace 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

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