INDIA: Silk Traders Look To Chinese Tie-Ups
Silk traders in China and India continue to explore potential tie-ups between their two industries, with the Indian Silk Export Promotion Council currently awaiting clearance to send a delegation to China in August or September. Chinese firms initially proposed the idea of a possible collaboration with Indian companies in a bid to add value to their products and at the same time take advantage of their low production costs. A high-level Chinese delegation visited India some months ago in search of joint venture opportunities.
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