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The Silk Association of India is planning to take up the issue of withdrawal of incentives on silk exports with the Ministry of Commerce and Industry.
According to Vikram Tantia, President, Silk Association of India, the country’s silk exporters – who depend on China for availability of the raw material – will be adversely affected post withdrawal of incentives under the new export-import policy.
A press release issued by the association points out that it would be inappropriate to consider silk as a non-handloom fabric and reduce incentives.
Fabric exports falling
“Furthermore, the incentive is extended to certain countries with important markets such as the Middle East, Australia, Far East Asia and Africa not being considered for the incentive scheme. Silk fabric exports have seen a sharp decline in the last 5-6 years and the weak trend still continues. The new policy will, therefore, seriously affect exports,” he said.
According to Tantia, sericulture and silk fabric exports create huge employment opportunities through value-addition such as embroidery, printing etc. These support several cottage industries, craftsmen and artisans. Thus incentive reduction will impact rural employment potential.
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