Bharat Gandhi, Chairman, The Federation of Indian Art Silk Weaving Industry has averred that the phenomenal rise in the import of silk fabrics from Vietnam in last two years has deteriorated the conditions of silk fabric manufacturers hailing from Indian cities of Bhagalpur, Varanasi, Bengaluru, Surat and some parts of Tamil Nadu. Therefore, the Federation has urged the government to levy 10 per cent duty on the import of silk fabrics from Vietnam so as to create a little more favourable scenario for Indian domestic market.
Import from Vietnam has increased more than two-fold from two lakh sq. mt. in 2015-16 to 5 lakh sq. mt. in 2016-17. Currently, import of silk fabrics from Vietnam attracts zero per cent duty, which makes India’s silk fabrics expensive. This has significantly affected the domestic market of India. Also, several Chinese manufacturers have, lately, started their factories in Vietnam and, most importantly, dumped Indian silk fabrics.