US-Iran War Impacts India: Bhagalpur Silk Industry Faces Rs 25 Crore Order Cancellation

• The ongoing US-Iran war has severely impacted Bhagalpur's silk industry, leading to a Rs 25 crore order cancellation.
• Most looms in Silk City are shut, pushing weavers to the brink of closure, reminiscent of COVID-19 pandemic struggles.
• Weavers, who export silk to the US and Gulf countries, are facing dire conditions and considering selling their looms.
• The industry, known for Tussar, Muga, Kota, Matka, Mulberry, and Eri silks, is struggling with no bulk orders.
• Weavers are being forced to migrate due to lack of government attention and deteriorating market conditions.