In order to discuss the demand for increasing import duty on silk, Union Minister of State for Textiles Santosh Kumar Gangwar has invited Karnataka’s Sericulture Minister A. Manju and MP of Mysuru Pratap Simha to New Delhi for the same.
There was a need to discuss the matter with the concerned Ministries as import duty comes under the Union Ministry of Commerce, said Mr. Gangwar.
Mr. Gangwar had to discuss this matter because sericulture farmers in Karnataka faced difficulties after a reduction in import duty on silk.
The import duty on raw silk, which used to be around 30 per cent a few years ago, was brought down from 15 per cent to 10 per cent in the last Union Budget.
This decrease brought down the price of Chinese silk, which in turn led to a decline in price of cocoons reared in Karnataka.
Currently, India produces 29,000 tonnes of silk per annum and thus needs to import raw silk and silk fabric to the tune of 6,000 to 7,000 tonnes mainly from China to meet the growing demand.
BCI and climate-tech startup Planboo have announced a new project that will test the production and use of biochar on…
Itema has announced a new partnership with Ivy Decarb, a digital platform that helps textile companies measure and reduce their…
GFA has introduced the Circular Fashion Partnership, a new program that will create a national system to collect and recycle…
Kevlar EXO is strengthening its role in personal protection with its introduction into hard armor products such as helmets and…
KIPAS Textiles has introduced fibR-e, aimed at solving the long-standing challenges that have stopped polyester from becoming a fully circular…
Portal has launched the Biome Insulated Jacket, a performance-focused outerwear piece created with Italian insulation expert Thermore.