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10-20-2020     3 رجب 1440

Cocoon auction 2020: JKI procuring Cocoons directly from farmers to secure their livelihood

September 23, 2020 | BK News Network

Jammu and Kashmir Industries Limited has launched procurement of Cocoons in the ongoing Cocoon auction being conducted by the Sericulture Department in the Kashmir division.

Commissioner Secretary Industries and Commerce Department, M K Dwivedi, said that due to non-participation of the outside buyers in the Cocoon auction in the wake of COVID restrictions, the Government has decided that JKI would be procuring around 50000 kg of cocoons worth Rs. 4.0 crore directly from the Cocoon rearers in the auction.
“This intervention will help thousands of cocoon farmers who due to non-participation of the outside buyers in the auction process were worried and expecting poor returns for their crop”, he asserted.
Commissioner Secretary said that JKI has already carried out similar interventions in the Jammu Division where 60000 kg of cocoon has been procured. This initiative received high appreciation from all the stakeholders associated with silk industry especially the cocoon rearers.
He said that this timely intervention by JKI has been possible due to successful implementation of silk related infrastructure both at Jammu and Srinagar that has enabled JKI to convert large quantities of local cocoon into quality fabric.

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Cocoon auction 2020: JKI procuring Cocoons directly from farmers to secure their livelihood

September 23, 2020 | BK News Network

Jammu and Kashmir Industries Limited has launched procurement of Cocoons in the ongoing Cocoon auction being conducted by the Sericulture Department in the Kashmir division.

Commissioner Secretary Industries and Commerce Department, M K Dwivedi, said that due to non-participation of the outside buyers in the Cocoon auction in the wake of COVID restrictions, the Government has decided that JKI would be procuring around 50000 kg of cocoons worth Rs. 4.0 crore directly from the Cocoon rearers in the auction.
“This intervention will help thousands of cocoon farmers who due to non-participation of the outside buyers in the auction process were worried and expecting poor returns for their crop”, he asserted.
Commissioner Secretary said that JKI has already carried out similar interventions in the Jammu Division where 60000 kg of cocoon has been procured. This initiative received high appreciation from all the stakeholders associated with silk industry especially the cocoon rearers.
He said that this timely intervention by JKI has been possible due to successful implementation of silk related infrastructure both at Jammu and Srinagar that has enabled JKI to convert large quantities of local cocoon into quality fabric.


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© Copyright 2018 brighterkashmir.com All Rights Reserved. Quantum Technologies

Owner, Printer, Publisher, Editor: Farooq Ahmad Wani
Legal Advisor: M.J. Hubi
Printed at: Abid Enterprizes, Zainkote Srinagar
Published from: Gulshanabad Chraresharief Budgam
RNI No.: JKENG/2010/33802
Office No’s: 0194-2451076, 9622924716 , 9419400056
Postal Regd No: SK/135/2010-2019
Administrative Office: Abi Guzer Srinagar

© Copyright 2018 brighterkashmir.com All Rights Reserved.