5th edition of India International Silk Fair to be inaugurated by Smriti Irani

5th edition of India International Silk Fair to be inaugurated by Smriti Irani

The event could gather business of over $50 mn for SME’s, mfrs of silk, silk clothes, floor coverings and fabrics

The Dollar Business Bureau (with inputs from Press Bureau of India) 

The flagship event of the Indian Silk Export Promotion Council, the 5th edition of India International Silk Fair, will be inaugurated by the Union Textiles Minister Smriti Zubin Irani, on 15th October, at 11am, at Pragati Maidan, New Delhi. Smriti Irani will be accompanied by the Minister of State for Textiles, Ajay Tamta and Secretary (Textiles), Rashmi Verma as Guests of Honour. 

The event is expected to garner a business of over $50 million for the small and medium sized entrepreneurs, producers of silk and silk blended clothes, floor coverings and fabrics. The 3-day event will provide a unique opportunity to exporters and importers in exhibiting their products and to overseas buyers in sourcing the merchandise they need. The Indian Silk Export Promotion Council is sponsoring the visit of around 100 buyers from various overseas countries to visit stands of 120 exhibitors of silk and silk blended products, that are manufactured in various parts of the country and exported all over the world.  

The minister lauded the efforts of the Indian Silk Export Promotion Council in organizing such a product-specific exhibition, that provides an opportunity to small and medium entrepreneurs in showcasing their unique products to visiting overseas buyers. The Indian Silk Industry is very important, being rural and agriculture-based, providing livelihood to around 7 million people in the country. India is the second largest producer of silk in the world. While silk production in all other silk-producing countries is in decline, the silk production in India has consistently been on a rise.                            

India is the only country in the world which produces all major varieties of silk, namely, mulberry, tasar, eri and muga. The fair is in line with the commitment of carrying forward the “Make in India” programme of the Government of India.

 

The Dollar Business Bureau - Oct 14, 2016 12:00 IST
 
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