Home / Knowledge / News / Textiles / Silk exports to touch Rs 30 billion in 2010-11
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

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Rajiv Sirohi
Shara

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eric Scholler
Groz-Beckert

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

Lynda Kelly
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin
Chapurin

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search