Related Keywords: affected by the reduction in import duty on raw silk, from fifteen percent to ten percent, Karnataka Silk Marketing Board, Karnataka state, revival of price stabilisation fund, sericulture industry, set up cocoon banks, silk testing centres, suggest to set aside two crore, the committee headed by agricultural economist H. Basavaraj
The Karnataka State to support the sericulture industry affected by the reduction in import duty on raw silk from 15 percent to 10 percent has proposed to set up cocoon banks, silk testing centres, and revival of the price stabilisation fund.
Chief Minister Siddaramaiah said that as suggested by the committee headed by agricultural economist H. Basavaraj, the state has set aside Rs2 crore for the establishment of cocoon banks.
