Home / Knowledge / News / Textiles / Earthquake in China creates tremors in Banaras silk industry
Earthquake in China creates tremors in Banaras silk industry
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

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search