India Insiders Asked For A 30% Tariff On Silk Imported From China.
M Veerappa Moily, former Karnataka governor of India, wrote to the federal government.
finance
Minister Mu Keji (Pranab Mukherjee) and industry and Commerce
Spin
Minister Anand Sharma (Anand Sharma) asked them to reconsider China.
Imported silk
30%
tariff
The decision to drop to 10%.
Mr. Moily is also an alliance.
enterprise
Minister of Commerce, he said that the sericultural farmers in four southern states (Andhra Pradesh, Karnataka, Kerala and Tamil Nadu) were dissatisfied with the government's decision because they felt that the government's decision greatly reduced the price of raw silk and cocoons.
He said that the sericulture and suppression of silk felt that China's silk industry entered India with low tariffs, and it would compete fiercely with the local silk industry, leading to the collapse of the local silk industry, because silkworms were no longer profitable.
He added that so far, price fluctuations have made silkworm farmers unable to survive.
However, the domestic silk industry may not have the ability to compete with cheap Chinese silk.
Therefore, he said that 30% tariffs should be imposed on Chinese silk imports.
Nearly 70% of India's silk was produced in Karnataka, of which 60% was produced in the Chickaballapur constituency, and Mr. Moily was elected to the district in 2009.
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