India targets becoming world's largest silk producer by 2029
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The government announced a national goal to make India the world's largest silk producer by 2028-29. Union Minister of Textiles Giriraj Singh stated that silk production has risen from 26,000 metric tonnes in 2014 to 42,000 metric tonnes currently. The government also set a target to increase production to 60,000 metric tonnes by 2030.
From prokerala.com
Why it matters
The initiative aims to strengthen the textile market, targeting $300 billion, and improve the economic progress of silk farmers by raising their annual income to Rs 10-12 lakh. This push is supported by rising international demand for Indian silk as China's production declines.
From prokerala.com
Who's involved
- governmentThe government set the production targets and committed to expanding the sericulture sector.
- IndiaThe country is the subject of the national goal to become the world's largest silk producer.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
The textile market might see increased revenue as the government aims to expand it to $300 billion.
How this reaches others
Each traced step by step, with the reporting behind itKeep exploring
The entities involved
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government
system or group of people governing an organized community, often a state