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.
Ocean Recherche is promoting marine biomass as its main raw material for textile applications, supplying a range of materials developed…
Asahi Kasei has resumed production of Bemberg at its Nobeoka facility in Japan, almost four years after a partial shutdown.
Nikwax has partnered with technical marine clothing brand Gill Marine to introduce PFAS-free durable water-repellent technology to ocean performance gear.
Niber Technologies has partnered with BASF to strengthen research and development in electrospinning and encourage product innovation in textiles.
Viridis Research has completed a pilot project in Bangladesh, with H&M and three textile mills to address the issue of…
Thomé Studio has launched a lamp using mohair silk yarn from a hand-knitted scarf, creating a soft halo effect that…