Kashmir silk under threat
Governor N N Vohra, who is in charge of the administration of the state, has approached the Union Minister of State for Textiles, Santosh Kumar Gangwar, for increasing the customs duty on imported raw silk from the current 15 per cent to 30 per cent. The governor has also requested Gangwar to take up the matter with the Union finance minister. Reduction of customs duty has put at stake the livelihood of about 30,000 families engaged in the production of raw silk.
Vohra's spokesperson says that the reduction of customs duty on imported raw silk in 2010-11 from 30 per cent to 5 per cent adversely affected the production in the state. To counter this, the Centre increased it to 15 per cent last year. The Centre has invested over 113 crore for the development of the state's raw silk industry, which would be wasted if the industry is not revived.