Union Minister of Textiles, Smriti Zubin Irani, inaugurated the 6th India International Silk Fair (IISF) at Pragati Maidan in New Delhi.
108 exhibitors from all over the country including 10 from North East and 9 from J&K are participating in the 3-day fair. 147 buyers registered their presence in the fair today.
The largest contingent of buyers is from Vietnam followed by Sri Lanka, Australia, Kuwait and Egypt. India is the 2nd largest producer of silk after China and is emerging as a leading exporter. The Indian products are in demand in USA, UK, Vietnam and Sri Lanka.
The 3-days exhibition is expected to generate business of over USD 20 million for the SMEs engaged in producing silk and silk blended garments, fabrics, accessories and floor covering.