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Silk import dips marginally amid Chinese domination

Silk import dips marginally amid Chinese domination
PTI
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First Published: Tue, Feb 10 2009. 04 14 PM IST
Updated: Tue, Feb 10 2009. 04 14 PM IST
New Delhi: India’s silk import declined by 3.33% in value terms to $203 million during the first half of 2008-09 fiscal, even as Chinese silk continued to dominate the trade deals, Central Silk Board said.
Silk import from other countries such as Brazil and Uzbekistan, which were normally less than 30 tonnes, saw a further dip, while purchases from China remained highest during the review period, according to the provisional data maintained by Central Silk Board (CSB).
India has been sourcing both raw silk, silk yarn and fabric from the global market from the first Five-Year Plan period in 1954.
The CSB said silk yarn and fabrics import were slightly down in comparison with raw silk. In value terms, fabric imports stood at $98.60 million in April-September 2008-09 against $111.63 million in a year-ago period, it said.
India bought 4,346 tonnes of raw silk at $105.23 million during the first six months of the current fiscal compared with 4,267 tonnes at $98.88 million in the same period of previous year, it said.
According to CSB, India shopped two tonnes of raw silk from Brazil, eight tonnes from Hong Kong and three tonnes from other countries. On contrary, raw silk imports from China stood at 4,333 tonnes during the review period.
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First Published: Tue, Feb 10 2009. 04 14 PM IST