TODAY.AZ / Business

More funds issued for sericulture development in Azerbaijan

22 May 2017 [13:02] - TODAY.AZ

By Azernews


By Sara Israfilbayova

Silk has brought considerable income to Azerbaijan for centuries, but for the past several years, the production went into decline.

Last year, President Ilham Aliyev stated the necessity to develop sericulture, voicing his disappointment over lost of such an important branch of agriculture as silkworm breeding.

Now, the government of Azerbaijan seeks to revive this ancient industry, which may become one of the most important segments of the non-oil economy.

President Aliyev has signed an order on additional measures regarding improvement of material and technical base of the sericulture.

Under the order, 4.5 million manats will be allocated from President’s Reserve Fund to the Agriculture Ministry for restoration of Gakh sericulture breeding station, creation of extra production fields and purchase of modern equipments.

The Finance Ministry was tasked to provide the funding. 

In late 2016, the head of state ordered on state support of silk manufacturing. Under the Order, the producers are subsidized for each kilogram of cocoons taken by the enterprises on processing cocoons and silk production.

Azerbaijan produced only 236 kilograms of silk in 2015, while in 2016 this figure amounted to 71 tons. According to estimates, the volume of silk production in 2017 will increase by 2-3 times.

URL: http://www.today.az/news/business/161528.html

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