Jammu and Kashmir continues to produce best quality Bivoltine silk
Srinagar: Jammu and Kashmir is the only region in the world which produces best quality Bivoltine silk.

Due to a congenial climate, conducive to the production of world-famous Indian silk products, other products of international grade have also their origin in the valley, reports ANI.
According to India Brand Equity Foundation (IBEF), India is the second-largest producer of silk in the world. The country’s sericulture industry employs around 9.76 million people in rural and semi-urban areas, the Indian news agency reported.
Interestingly, the industry remains one of the main sources of contributing to the foreign exchange reserves in the country.
The total silk production in India during 2021-2022 was 34,903 MT, an increase of 3.4 per cent year-on-year over the previous year (33,770 MT), according to data from IBEF, reports ANI.
On a global level, silk accounts for about 0.2 per cent of total textile fibre production, according to the International Trade Centre (ITC) report 2000 as quoted by ANI.
Employment generation in sericulture is remarkable and accounts for annual income ranging from Rs 50,000 to Rs 100,000 followed by Rs 100,000 to 150,000 for 26.66 per cent and 20 per cent of the sericulture farmers respectively, reports said.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

Congress questions Modi govt after Russia advances jet engine supply to Pakistan

Elon Musk faces backlash in India over post on British colonisation

Madhya Pradesh, Tamil Nadu, Kerala ban Coldrif cough syrup after toxic chemical found linked to child deaths

Barack and Michelle Obama celebrate 33 years of marriage with touching tributes and timeless memories
