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Silk exports to touch Rs 30 billion in 2010-11
30
Dec '10
The overall silk exports for the current financial year are expected to reach Rs 30 billion, J Sampath of the Central Silk Board recently said, while speaking at the opening ceremony of the 12th Silk Mark Expo in Chennai on December 24. He further said that though it is not a significant growth from Rs 26 billion worth of exports during the last fiscal, but the Board is expecting a better year ahead for the industry.

He revealed that the silk weavers are drawing better returns for their produce this year, as they are drawing a price of about 2,500-2,800 per kg.

In the meantime, a rise has also been witnessed in the exports to the European markets, which is for the first time after the global economic slump. Last year, where EU constituted around 35 percent of the country's overall silk exports, this year the figure has gone up to 40 percent.

Silk Mark, a label certifying the authenticity and quality of the silk used in a product was also launched at the exposition. This certification label is attached to the products along with the price tag.

It quite resembles the gold hallmark that certifies the purity of the gold and helps people to keep away from being cheated. The Silk Mark Organisation of India, a subsidiary of the Central Silk Board would be supervising the certification task for silk.

The organization has already registered around 1,500 authorised users who by now have sold more than 10 million silk items bearing this label.

Fibre2fashion News Desk - India


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