Rise in Indian silk exports

During the first quarter of the current financial year silk exports of India rose by 30% in value terms. Union ministry of state for textiles said exports were placed at $74.8m ($60m for the same period in ‘99-00).

The main reasons attributed to the encouraging performance of the domestic silk industry is stated that the decline in Chinese exports of silk products and rising demand for Indian products.

Further added that silk exports would rise by 20 % this financial year (compared to last financial year). The textile ministry would be convening a meeting during the first week of August of weavers, release and traders to discuss the issues relating to silk waste exports from India. The ministry is also planning to raise the production of raw silk from 14,000 tonnes to 20,000 tonnes during this financial year.


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