Home / Knowledge / News / Textiles / Earthquake in China creates tremors in Banaras silk industry
Earthquake in China creates tremors in Banaras silk industry
14
Jun '08
It has been some time now since the earth quake hit China, devastating property worth millions and countless lives. However, its aftermath has affected even the Banarasi silk saree industry in far off India.

The saree industry of Banaras depends heavily on silk imports from China so much so that of the total domestic consumption of 12,000-15,000 metric tons, nearly 60 percent of the raw material is imported from China.

With the earthquake striking China, silk supply from the country came to a stand-still and even after conditions became normal, the influx was irregular and insufficient to meet the required demand.

This, as a consequence, led to an increase in the prices of silk in the domestic market within a span of a mere two weeks. Prices in Banaras have gone up to Rs1500 a kilogram from Rs1200 for Filature (raw silk thread) while it surged from Rs1500 to Rs1800 a kilogram for Katan silk thread.

Being badly hit by these surmounting prices, small traders are finding it extremely difficult to earn their livelihood. Even local weavers are facing a tough time and a lot of them have already migrated to other places for better business opportunities.


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search