Eastern Silk Industries Limited

Company Description

Eatern silk embarked on its overseas business in the year 1958, with an export turnover of Rs 0.5 lacs. As on date, the export turnover stands at a voluminous figure of Rs 544 crores in the year 2009-2010, which is likely to cross Rs 600 crores by 2010-11. The present net worth of the company is about Rs 391 crores and it employs over 20, 000 people directly or indirectly. An added glitter in its crown is the number of awards that the company has bagged over the years from various Export Promotion Councils, such as: *HANDLOOM EXPORT PROMOTION COUNCIL *INDIAN SILK EXPORT PROMOTION COUNCIL *CENTRAL SILK BOARD *MINISTRY OF COMMERCE The company has been recognized as "Golden Star Trading House" by the Government of India. From developing yarn to producing premium fashion fabrics and home furnishings, Eastern Silk is dedicated to enhancing the value of Silk ..... Queen of all fabrics. Our annual export of Euro 60 million is growing consistently as Eastern Silk has endeared itself to the sophisticated and discerning buyers across USA, Canada, European Union, UK, Japan, Australia, New Zealand and Scandinavian & EFFTA countries. From traditional hand woven and hand embroidered to contemporary yarn dyed, prints, dobbies, jacquards and machine embroideries, we are geared to produce every type of silk fabric in Mulberry, Tussar, Eri or Muga. In the area of self sufficiency the in house Research Wing has successfully developed a technology indigenously of Fast Color printing on fabrics that is the basic need for selling in the overseas market. Modernization and adoption of new technology has been the watchword of the company down the years. In this back drop, the company is planning to increase its export performance, commensurate to the extent of quantum increase in total Indian Export, which is likely to cross Rs 600 crores by 2010-2011.