| |
India : Silk Losing Its Sheen Overseas |
|
2003-7-25 8:38:00
Chinese competition, changing trends and slow pickup in demand in the European and the US markets has made the going tough for Indian silk. As against exports worth $465 million last year, the Indian silk industry set a target of $500 million -- including made-ups or upholstery, fabrics and garments, particularly embellished party wear -- for 2003-04."As things stand we may not be able to achieve the target unless the demand picks up in the US and EU (European Union). In some of the silk products we are losing out to competition from China while products like carpets and garments are the biggest casualty of the continuing recession in the US and Europe," Subhash Mittal, chairman of the Indian Silk Export
Promotion Council, said.
While overall Indian exports are showing robust growth of over the targeted 12 percent, the overseas demand for some products like silk carpets and embellished readymade garments is not good.
|
|
|
|
|
浙公网安33010602010414
