New silk yarn manufacturing unit in State BUSINESS REPORTER GUWAHATI, Aug 14 A mega silk yarn manufacturing unit promoted by a group of leading entrepreneurs of the State will be inaugurated on August 19.
The project, being set up at the Chaygaon Industrial Estate with an investment of Rs 5.50 crore, will manufacture 60 MT of endi, muga and other span silk yarns per annum.
The project has been set up in association with the Central Silk Board, NEDFi and the State Sericulture Department, which will generate employment nearly 900.
Providing feedback on the new project, Dilip Barooah, one of the promoters, said that endi and muga products of the State enjoy a special place in the global textile market for which the unit has been set up. We have tied up with leading designers to make our products more attractive, he added.
Barooah, who has been closely associated with the export market for a long time, observed that the local artisans would be immensely benefited from the project.
The promoters have incorporated new technology with the project so that it can produce other yarns in case of any shortage of endi and muga in future.
Asked about the endi and muga market in the backdrop of global economic meltdown, Barooah termed the problem as a temporary one. Our endi and muga products are still insulated from the crisis. So considering the situation, we will be able to attract international buyers, he said.
The North East contributes nearly six per cent of the total silk production of the country. According to an estimate of the Central Silk Board, nearly 3,08,806 families of the North East are dependent on the silk sector. Currently, 55,719 hectares of land in the region are being used for rearing silkworms.
Union Minister of Textiles Dayanidhi Maran will formally inaugurate the unit.