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ReturnSpeech by Mr.Harsh Pal Kapoor on China Jiaxing Silk Forum
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PublishDate：
2006-05-24 11:15:00
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Speech by Mr. Harsh Pal Kapoor, President-Silk Trade Association (Regd.) Varanasi
Dear Friends,
At the outset, I would like to applaud the efforts put up by the officials of China Cocoon & Silk Exchange (CCSE) for organizing this forum. I also express my gratitude for inviting me here as the President of the Silk Trade Association Varanasi and giving this opportunity to gain knowledge about doing business through the platform of CCSE and also sharing my views on the Silk trade between India and China.
Silk Trade Association (Regd.) Varanasi:
Silk Trade Association (Regd.) Varanasi is a pioneer association with members representing all major aspects of the silk industry like Weavers, Reelers, Twisters, Importers, Exporters and Traders.
Varanasi being one of the oldest and traditional weaving centre of India, and Raw silk and other silk yarns being one of the main constituents of the world famous Banarasi Sarees, the importance of this important silk centre can easily be understood.
Silk Trade Association ever since it's formation has endeavored to deal with issues pertaining to the silk industry and it's effective liasioning with the Local, Provincial, National Government Offices and Ministries, Central Silk Board and other important national and international trade associations and chamber of commerce has resulted in simplifying several complex issues.
Indian Silk Industry:
India produces around 15000 MT of raw silk annually. The major component of this raw silk is constituted by the cross breed multivoltine variety. Thrust has been given to the production of bivoltine silk in the recent past and it is showing encouraging results. With the increasing bivoltine production, there is a move to establish Automatic Reeling units on pilot basis with machinery imported from China for the production of better quality raw silk. Of the total raw silk production, around 85 % is used for domestic consumption. The weaving industry consists of handlooms and power looms. There are organized industries with shuttle less looms catering to the requirement of the export market.
Global Silk Scenario:
India and China are the major producers of silk in the world and together constitute more than 90 % of global raw silk production. China meets the world’s silk requirement with a market share of approximately 75%. India has a market share of approximately 8% with products for home furnishing, upholstery, value added dress materials and garments for the fashion world and hand made, hand knotted silk carpets.
India’s Silk Trade with China:
The total raw silk requirement of India is put at 25000 MT, out of which 10000 MT is met through imports mainly from China. The imported raw silk mainly goes in to production of export items on power looms and shuttle less looms. The fabrics produced are predominantly yarn dyed. Apart from raw silk, sizeable quantity of silk fabrics like crepes, georgettes and habotai are also imported from china.
Suggestions for better Trade Relationship:
As already mentioned India and China are the major players in the world silk trade. The two countries have different product range to offer for the world market. It is strongly felt that with a better trade understanding the two countries can prosper together in the field of silk.
It is a known fact that the quantum of silk imports and the rate at which they are imported from China has a direct bearing on the Indian domestic sericulture industry. China and India should ensure that they adopt fair trade practices at all times so that it will not affect the domestic sericulture industry, thus helping the people who are depending on sericulture for their livelihood.
India is the major importer of Chinese raw silk. In the recent past, the fluctuating imported raw silk as well as silk fabric prices has had a great bearing on the Indian silk industry. There has been a large scale destabilization of the industry. This is not a healthy atmosphere for the sericulture industry of both the countries. Under these circumstances, the possibility of having a predetermined price band for the imported raw silk and fabrics for a particular period may be explored.
There is a need to have periodical discussions on trade related issues by involving the trade and the premiere sericulture organizations of both the countries. The outcome of the discussions can be brought to the notice of both the Governments for implementation.
The silk requirement of the world is primarily met by China and India. Under such circumstances, both the countries should work towards consolidating this position instead of treating each other as competitors.
India is developing in sericulture in its own way. India would look towards China on technology and other related issues during this developmental stage. China should extend the possible help in this direction through joint ventures. China should support India through joint collaborative research projects in the identified areas.
China Cocoon & Silk Exchange:
There is no hesitation in saying that CCSE has become the price and information center of cocoon and silk industry, which has a direct or indirect influence on the price of domestic and even international silk market. CCSE is now approaching the subject of global trade and this is the reason why we all are here for this forum. I also believe that in the near future, silk dealers all over the world can trade rapidly through CCSE and I congratulate and convey my best wishes to the officials of CCSE for their efforts.
Dear Friends,
At the outset, I would like to applaud the efforts put up by the officials of China Cocoon & Silk Exchange (CCSE) for organizing this forum. I also express my gratitude for inviting me here as the President of the Silk Trade Association Varanasi and giving this opportunity to gain knowledge about doing business through the platform of CCSE and also sharing my views on the Silk trade between India and China.
Silk Trade Association (Regd.) Varanasi:
Silk Trade Association (Regd.) Varanasi is a pioneer association with members representing all major aspects of the silk industry like Weavers, Reelers, Twisters, Importers, Exporters and Traders.
Varanasi being one of the oldest and traditional weaving centre of India, and Raw silk and other silk yarns being one of the main constituents of the world famous Banarasi Sarees, the importance of this important silk centre can easily be understood.
Silk Trade Association ever since it's formation has endeavored to deal with issues pertaining to the silk industry and it's effective liasioning with the Local, Provincial, National Government Offices and Ministries, Central Silk Board and other important national and international trade associations and chamber of commerce has resulted in simplifying several complex issues.
Indian Silk Industry:
India produces around 15000 MT of raw silk annually. The major component of this raw silk is constituted by the cross breed multivoltine variety. Thrust has been given to the production of bivoltine silk in the recent past and it is showing encouraging results. With the increasing bivoltine production, there is a move to establish Automatic Reeling units on pilot basis with machinery imported from China for the production of better quality raw silk. Of the total raw silk production, around 85 % is used for domestic consumption. The weaving industry consists of handlooms and power looms. There are organized industries with shuttle less looms catering to the requirement of the export market.
Global Silk Scenario:
India and China are the major producers of silk in the world and together constitute more than 90 % of global raw silk production. China meets the world’s silk requirement with a market share of approximately 75%. India has a market share of approximately 8% with products for home furnishing, upholstery, value added dress materials and garments for the fashion world and hand made, hand knotted silk carpets.
India’s Silk Trade with China:
The total raw silk requirement of India is put at 25000 MT, out of which 10000 MT is met through imports mainly from China. The imported raw silk mainly goes in to production of export items on power looms and shuttle less looms. The fabrics produced are predominantly yarn dyed. Apart from raw silk, sizeable quantity of silk fabrics like crepes, georgettes and habotai are also imported from china.
Suggestions for better Trade Relationship:
As already mentioned India and China are the major players in the world silk trade. The two countries have different product range to offer for the world market. It is strongly felt that with a better trade understanding the two countries can prosper together in the field of silk.
It is a known fact that the quantum of silk imports and the rate at which they are imported from China has a direct bearing on the Indian domestic sericulture industry. China and India should ensure that they adopt fair trade practices at all times so that it will not affect the domestic sericulture industry, thus helping the people who are depending on sericulture for their livelihood.
India is the major importer of Chinese raw silk. In the recent past, the fluctuating imported raw silk as well as silk fabric prices has had a great bearing on the Indian silk industry. There has been a large scale destabilization of the industry. This is not a healthy atmosphere for the sericulture industry of both the countries. Under these circumstances, the possibility of having a predetermined price band for the imported raw silk and fabrics for a particular period may be explored.
There is a need to have periodical discussions on trade related issues by involving the trade and the premiere sericulture organizations of both the countries. The outcome of the discussions can be brought to the notice of both the Governments for implementation.
The silk requirement of the world is primarily met by China and India. Under such circumstances, both the countries should work towards consolidating this position instead of treating each other as competitors.
India is developing in sericulture in its own way. India would look towards China on technology and other related issues during this developmental stage. China should extend the possible help in this direction through joint ventures. China should support India through joint collaborative research projects in the identified areas.
China Cocoon & Silk Exchange:
There is no hesitation in saying that CCSE has become the price and information center of cocoon and silk industry, which has a direct or indirect influence on the price of domestic and even international silk market. CCSE is now approaching the subject of global trade and this is the reason why we all are here for this forum. I also believe that in the near future, silk dealers all over the world can trade rapidly through CCSE and I congratulate and convey my best wishes to the officials of CCSE for their efforts.
