Home / Knowledge / News / Textiles / KVIC seeks restrictions on import of silk from China

KVIC seeks restrictions on import of silk from China

21
Jul '20
Pic: Shutterstock
Pic: Shutterstock
To promote domestic sericulture industry and generate more employment, India’s Khadi and Village Industries Commission (KVIC) has demanded restrictions on import of silk from China. Silk worth about ₹700-800 crore is currently imported from China and can be easily substituted with domestic production, according to KVIC chairman Vinai Saxena.

KVIC has been pushing for halting silk import, but the proposal is expected to be backed by the government now in the wake of border clashes with China, according to some Indian media reports. Around 12,03,942 farming families and 56,013 reeler families are involved in sericulture-related activities across India.

"The duty on silk is currently 10 per cent but we have proposed to restrict its import. There is no need for this. Around 62 lakh people are currently associated with silk farming. If its import is restricted, more people will get jobs," Saxena said.

Basic customs duty of 10 per cent and 20 per cent is levied respectively on raw silk and silk fabric import to stabilise domestic silk weaving segment and make Indian silk export sector more competitive.

To protect domestic silk farmers and reelers, an anti-dumping duty of $1.85 per kg is imposed on Mulberry raw silk of 3A grade and below, originating in or exported from China.

Fibre2Fashion News Desk (DS)


Must ReadView All

Oliver Dowden. Pic: GOV.UK

Retail | On 4th Dec 2020

UK events industry likely to be back to normal by Easter

Oliver Dowden, UK secretary of state for the department of digital,...

Pic: Shutterstock

Textiles | On 4th Dec 2020

US bans cotton imports from Chinese producer XPCC

The US Customs and Border Protection (CBP) agency recently banned...

Pic: Shutterstock

Apparel/Garments | On 4th Dec 2020

PVH Corp Q3 FY20: sales $2.11 bn; net income $70 mn

PVH Corp, a US-based global apparel companies, has reported 18 per...

Interviews View All

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Emanuel Fertuzinhos,

Emanuel Fertuzinhos

Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into 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

Leave your Comments


December 2020

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


Advanced Search