India Asks For Tariff Increases For Silk Fabrics

Last month, India announced the federal budget. The import duty of raw silk (no twist) dropped from 30% to just 5%.

However, the India silk industry requires that the silk industry, especially the weaving enterprises, be able to share the benefits of a sharp reduction in tariffs.

India silk industry said that in 2005, India imported about 400000 meters of silk fabrics, and now surged four times, reaching about 1 million 600 thousand meters.

It hit India's silk weaving center, such as Varanasi.

60 grams of silk fabrics are mainly from China, of which 85 grams of silk are used, so about 35000 tons of spun silk are used to produce 1 million 600 thousand meter silk fabrics.

If imports are reduced, silk silk in China will be pressed in the hands, which will eventually lead to a decline in silk prices, and silk prices have risen dramatically in the near future.

To this end, the industry calls for a substantial increase in tariffs on imported silk fabrics.

They said that the price of raw silk in China rose from 1750 rupees / kg in August 2010 to 3300 rupees / kg in December 2010, an astonishing increase of 88% in just 5 months.

Insiders suggested that