silk export business

BANGALORE: Himatsingka Seide, one of India's largest producers and exporters of silk fabrics and yarn, is planning to get into manufacture of non-silk fabrics and high-end bed linen.

Ahimsa silk, the fabric made without killing silkworms, is increasingly gaining popularity in foreign countries though it is yet to catch on in its land of origin.

BHAGALPUR: Silk has always been associated with this erstwhile state of Champapuri. But now, criminals' are posing a serious threat to the silk industry here.

Indian carpet exporters are witnessing a revival after a significant slowdown caused by hefty US tariffs. Buyers are re-engaging, checking inventories, and expressing excitement for upcoming industry shows. This renewed activity offers hope for regaining lost market share from neighboring countries and Turkiye.

Indian silk industry with an annual business of over Rs 10,000 crore has been hit hard by the last month's earthquake in China, a major supplier of raw silk for the manufacturing units in the country.

Chief Minister Yogi Adityanath has appealed to people to gift a locally produced goods under ODOP from their city to their families and friends during this Diwali. This, he underlined, would help local traders and contribute in the country’s progress. Varanasi’s silk traders hope this will help them recover their businesses during the festival season.

The state government has prepared a blueprint for creating export hub in every district with the aim to export district-specific products to 75 countries, state industries minister Shahnawaz Hussain said on Tuesday.

Silk dhoti producers in the district have stopped production after prices of yarn skyrocketed in the market. They have decided to start production only after yarn prices come down.Silk dhotis are largely weaved across Salem, Namakkal, Coimbatore, Erode and Tirupur districts in the state.

Silk, the delicate and lustrous fibre used for making saris and dress material, has now been used to fashion a tough and strong material for trousers, resembling the popular jeans.

Handicraft and silk products from the state got an overwhelming response from the visitors at the stalls in the Jharkhand pavilion at India International Trade Fair (IITF) in New Delhi.

In a major operation, the Directorate of Revenue Intelligence (DRI) Ludhiana arrested a prominent carpet businessman of Srinagar.

Textile traders in the city having business in Sri Lanka are closely monitoring the situation in the neighbouring island nation where socio-economic conditions have turned volatile due to public unrest.

Handicrafts and organic silk produced in the state have managed to attract the business community and officials of Germany.