Home / Knowledge / News / Textiles / Silk Board targets 32,000 tons annual output by 12th FYP
Silk Board targets 32,000 tons annual output by 12th FYP
21
Sep '11
The Central Silk Board (CSB) has targeted to raise the annual silk production in the country to 32,000 tons by the end of the 12th Five-Year Plan period.

Currently, India produces 21,000 tons of silk annually compared to a demand of 30,000 tons, according to KS Menon, Chief Executive of Silk Mark Organisation of India and Ishita Roy, Member Secretary of CSB.

At present, while the annual rate of increase in silk production in the country is 6 percent, the rate of growth in demand is around 10 percent. Hence, each year, India imports about 7,500 tons of silk and another 4,000 tons of silk fabric from China.

India is the largest consumer of silk in the world and its silk trade is estimated to be around Rs. 70-100 billion annually. With about 400,000 handlooms and 100,000 powerlooms, the silk sector provides employment to about 7 million people in the country.

There are at present six automatic reeling plants and 10 more are expected to be set up over the next five years at a cost of Rs. 25 million each. The CSB would provide a subsidy of Rs. 5 million to each of the new automatic reeling projects.

In 2004, the Silk Mark scheme was launched by the Union Government. The Silk Mark tag provides an assurance to consumers that the particular product is made of 100 percent pure silk. About 12 million Silk Mark labels have been sold so far by the Silk Mark Organisation.

The Silk Mark Organisation has 1,700 members, which includes traders, manufacturers, as well as importers and exporters. Every year, nearly 300 new members are joining the Organisation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X