Funds for Srinagar-Jammu silk exchanges sanctioned
24 Aug '05
3 min read
He said both Central and State Governments are providing liberal incentives to the entrepreneurs for venturing in silk industry adding that 50 per cent subsidy is available on purchase of reeling machinery and 30 per cent capital subsidy under new Industrial Policy.
He said silk sector in J&K has a greater potential of over Rs. 20 crore which needs to be tapped optimally as 60 per cent of the cocoon raw material goes outside the state for its reeling, weaving and value addition.
The Director Sericulture gave a detailed account of incentives available to the silk worm rearers.
He said J&K produces 800 MTs of cocoon, of which only 200 MTs are processed for yarn production. He urged the need for setting up of more reeling units in the state to consume maximum possible cocoons locally.
There are only 26 reeling units in the state as on now including 16 units in Jammu.
Dr. M.I. Parray said Entrepreneurship Development Programme on “Textile manufacturing” in a leap forward towards revival of traditional silk industry in the state.
The DCCB assured all possible help of the Centre for revival of silk industry in the state.
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