The state government of Jammu & Kashmir will protect and promote silk industry in the state at all costs, Minister for Industries Surjit Singh Slathia said.
On a visit to the Government Silk Weaving Factory at Rajbagh, which forms part of the state-owned Jammu & Kashmir Industries Limited (JKI), the Minister said the Kashmiri silk fibre is famous globally for its luster, purity and fineness.
He informed that the state government has kept aside Rs. 750 million to support public sector undertakings like JKI during the current financial year. The amount includes Rs. 260 million towards settling claims under the Golden Handshake Scheme and Voluntary Retirement Scheme.
The Minister said the government would pool resources to revive the Government Silk Factory.
He revealed that a state-of-the-art silk show room is being set up in Rajbagh with an investment of Rs. 8.5 million. The outlet, likely to be opened by the end of this month, would provide a platform for silk weavers and traders from the area to display and sell their products.
He lauded improvement in JKI's performance and congratulated the corporation for achieving both its fibre production and revenue generation targets during last fiscal.
JKI's production of silk fabric increased from 6,000 metres in 2010-11 to 45,000 metres in 2011-12, and the corporation expects its production to grow to 150,000 metres during the current financial year.
Fibre2fashion News Desk - India