Home / Knowledge / News / Textiles / Carpet exports from India rise 10.23% in H1 of FY'14
Carpet exports from India rise 10.23% in H1 of FY'14
12
Nov '13
Owing to the rising demand from emerging markets like Africa, China and Latin America, the carpet exports from India increased 10.23 percent during the first half of the 2013-14 fiscal year, as per the data released by Carpet Export Promotion Council (CEPC) of the country.
 
According to the CEPC statistics, the country exported US$ 530 million worth of carpets during the period of April to September this year.
 
In September itself the country exported US$ 73.5 million worth of carpets, which is a 5 percent increase compared to the US$ 69.98 million worth of carpets exported during the same month last year.
 
Categorically, India’s export of handmade woollen tufted carpets grew 4.9 percent during September 2013, while handmade synthetic carpets and handmade silk carpets posted a growth of 5 percent and 23 percent, respectively.
 
According to CEPC, besides the increasing demand from emerging markets, demand from the US market is also on a rise. However, the demand from the European Union (EU) market is still to perk up.
 
Traditionally, over 60 percent of India’s overall carpet exports are destined towards the EU and the US.
 
Employing over one million people, the Indian carpet industry earned around US$ 1.07 billion in exports during the last fiscal.
 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search