THE RUSTLE OF DISTRESSED SILK
Article Abstract:
Sericulturists of India are worried over the decision of the Government of India to allow imports of raw silk of Grade 2A and above. Raw silk of Grade 2A and above can now be imported by submitting special import licence having a value of more than 3 times the CIF estimate of the desired imports. Sericulturists contend that the decision of the Government would lead to heavy imports of silk from China. They are worried because the Government has not imposed any curbs on the quantity of imports. Huge imports of Chinese silk may cause a fall in the prices of Indian raw silk. This would force sericulturists to shift to other businesses. It would also affect the bivoltine silk programme. Crores of money spent on sericulture and research by the Central Silk Board and the State government agencies will go in vain. According to the Central Silk Board, India produces 14,000 tonnes of raw silk against an estimated demand of 22,000 tonnes. It has also stated that the shortfall is already being made good through authorised imports. About 35 lakh people depend on sericulture in India now. (ag) (kvr)
Comment:
Sericulturists of India are worried over the decision of the Government of India to allow imports of raw silk of Grade 2A and above.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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KSIC WEAVES Rs1.03-CR NET
Article Abstract:
The Karnataka Silk Industries Corporation (KSIC) of Karnataka made a net profit of Rs1.03 crore in 1997-98 (net loss of Rs48.83 lakh in 1996-97). Its sales were Rs30.62 crore (Rs34.60 crore). This turnaround was due to efficient purchase of cocoons, gold lace, other important raw materials and use of different varieties of silk waste. Computerisation of production process has led to input-output analysis which has helped the company to make profit. Now, it is implementing a rehabilitation package sanctioned by the Board for Industrial and Financial Reconstruction (BIFR). The Karnataka Silk Industries Corporation is faring better than the estimates despite shortage of silk waste and excess staff at its Chennapatna plant. The Board for Industrial and Financial Reconstruction expected the Karnataka Silk Industries Corporation to post sales of Rs40.07 crore in 1997-98 (Rs40.10 crore) and a loss of Rs61 lakh (Rs4 crore). The Karnataka Silk Industries Corporation makes silk sarees. (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GENETICISTS TARGET SILK GENOME TO IMPROVE QUALITY
Article Abstract:
A programme for the study of genome of bombyx mori, a silk worm, has been begun by the Department of Bio-technology of the Government of India. The study has been launched in collaboration with CNRS of France. The study is aimed at increasing the production and quality of silk. It plans to map the genome of a hybrid silkworm produced by crossing Pure Mysore, an Indian variety, with NB-18, a Japanese silk worm. (ag)
Comment:
India: Department of Bio-technology begins program for study of genome of bombyx mori to increase production & quality of silk
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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