I am from India and a Hindu. Yes, the string is of large significant in our culture. Actually, when the umbilical cord is cut, a small part of the cord is put in a silver enclosure and tied with a thread around the waist.It is believed that the mother's umbilical cord gives protection to the baby.es, the string is of large significant in our culture. Actually, when the umbilical cord is cut, a small part of the cord is put in a silver enclosure and tied with a thread around the waist. It is believed that the mother's umbilical cord gives protection to the baby.