Home / Knowledge / News / Textiles / Govt to intervene if silk producers are hurt - Minister
Govt to intervene if silk producers are hurt - Minister
Jun '11
Mr. Anand Sharma
Mr. Anand Sharma
The Union Government is aware of the fall in prices of cocoons in Karnataka, which accounts for 50 percent of the country's raw silk production, the Minister for Commerce and Industry, Anand Sharma has said.

The Minister added that the Government is closely observing the movement of prices of raw silk in the country. He promised that Government would intervene if domestic silk producers were found to be getting negatively affected due to its decision to reduce duty on import of raw silk by 25 percent.

However, sericulture farmers in Karnataka attribute the freefall in the cocoons' prices to the Government's move to decrease the duty on import of raw silk from 30 percent to 5 percent in the budget for 2011-12.

“The decision to slash the import duty was taken at a time when the users of raw silk were facing a scarcity due to demand-supply mismatch. If it is found, now, that the domestic producers are being negatively affected, the Government would intervene,” the Minister said.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Cindy McNaull

We have broad range of options in durable fabrics

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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