Silk export likely to be Rs 7,000 cr by 2012: Minister

Last Updated: Wed, Jul 15, 2009 12:36 hrs

New Delhi: The Textiles Minister, Dayanidhi Maran on Wednesday said India's silk export is likely to touch Rs 7,000 crore by 2012.

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"I am sure they (Indian Silk Export Promotion Council) will be able to touch it (Rs 7,000 crore figure)," Maran said after inaugurating an exhibition by the Indian Silk Export Promotion Council here.

The country's silk export, including items such as garments, natural silk yarn, fabrics, scarves and carpets, was Rs 2,905.33 crore during April-February 2008-09. The export stood at Rs 3,500 crore in 2007-08.

The US is the major export market of silk items, contributing about 22 per cent in India's earnings from the product, followed by the UK, the UAE, Italy and Germany.

The textiles ministry is expecting that the exhibition would generate a business of about Rs 300 crore and medium-term sales of Rs 1,000 crore.

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Maran inaugurated the India International Garment Fair (IGFA), in which 200 apparel manufacturers and exporters from all over the country are participating.

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