Home / Knowledge / News / Textiles / Silk products to find way into new overseas markets
Silk products to find way into new overseas markets
15
Oct '10
The Central Silk Board (CSB) is seeking unexplored markets for silk exports in order to insulate these exports from occasional fluctuations in global market. It is now focusing on non-traditional silk export markets, informed CSB member Secretary and Chief Executive Officer (CEO) Ms. M Sathiyavathy.

The US and Europe are the traditional export markets of Indian silk products. Now the board is exploring Latin American and African markets along with Japan and Australia, added Ms. Sathiyavathy. Last year, the slowdown in USA and Europe led to the fall in Indian silk exports to around Rs 27.5 billion.

In fiscal 2008-09, these exports also showed a plunge to Rs 25 billion against Rs 35 billion in 2007-08. However, the board anticipates growth in exports to touch Rs 32 billion this year, following two consecutive years of fall in value.

Following China, India stands second amid the world's largest producers and exporters of silk products. China contributes 100,000 tons of silk in the total global production of 130,000 tons. India's silk consumption amounts to about 26,000 tons and its output stands at around 20,000 tons. So, the rest of the silk requirement is fulfilled by sourcing it from China.

The government is intending to develop the entire value chain of silk; farmers to weavers to retailers to exporters. Currently, Karnataka is the leading silk producing state of the country that accounts for almost 50 percent of domestic production.

Now, the government plans to produce silk in the state of Uttar Pradesh by bringing more than 3,000 acres of land under silk sericulture every year, which could help to bring the silk production up to 2,500 tons, by the end of 12th Five Year Plan, said Ms. Sathiyavathy. Silk consumption in UP is 5,000 tons, while its production is merely 50 tons.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sandip Bhojani, Manthan Patel

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

Nitesh Mittal

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

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

Divvya and Nidhhi Gambhir
Walnut

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


June 2018

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

news category


Related Categories:

Advanced Search