The price of raw mulberry silk was over 4.5 thousand Indian rupees per kilogram in fiscal year 2023, an increase from the previous year. The above data is sourced from relevant Indian statistical websites.The silk fabric has a cultural role in India and is worn on all auspicious days and festive occasions. Kanchipuram silk sarees are the most sought-after silk sarees in the country, and depending on the design, it takes between 20 to 30 days to weave a single piece. Furthermore, India produces a variety of silks such as Mulberry, Tasar, Muga, and Eri based on the silkworms’ feeding habits. As the second largest producer of rawsilk producer, the south Asian country exported silk worth over 20 billion Indian rupees in fiscal year 2019. The Indian government has allocated over 21 billion Indian rupees to develop sericulture under the central sector scheme Silk Samagra for the years 2017 to 2020. The Indian Silk Export Promotion Council, a non-profit organization, sponsored by the government, works on policy formulation concerning the silk sector.
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