01-01-1970 12:00 AM | Source: Accord Fintech
Government considering quality control order for silk import: Piyush Goyal
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With an aim to contain import of the sub-standard product and boost domestic industry, Commerce and Industry Piyush Goyal has said the government is considering to bring quality control order for silk. India is the second largest producer of silk in the world. The four major varieties of silk produced in India include Mulberry, Tussar, Eri and Muga.

Earlier, the Ministry of Commerce and Industry had rolled out these Quality Control Orders (QCOs) for a host of goods such as household refrigerating appliances, certain steel and cable items, toys, and bicycles' retro reflective devices. The items, under these orders, cannot be produced, sold/traded, imported and stocked unless they bear the BIS mark.

Besides, talking about the textiles sector, Goyal said that India is on track to achieve $100 billion target by 2030 despite global slowdown. He added free trade agreements with the UAE and Australia will help in further boosting the exports.