Home / Knowledge / News / Textiles / Govt's support vital to rescue fading carpet industry
Govt's support vital to rescue fading carpet industry
14
Nov '08
Exquisite designs, intricate patterns, subtle elegance, attractive colours and excellent craftsmanship, have become the trade marks of Indian carpets.

Bhadohi in Uttar Pradesh, one of the biggest carpet manufacturing centres in India, that accounts for nearly 65 percent of India's total carpet export, is under severe pressure. According to market experts, once flourishing carpet industry, due to lack of proper support from the Government, is now on death bed.

Global economic slow down is now adding fuel to the fire. Market insiders say that export orders worth near about Rs3 billion were cancelled recently.

Mr Ravi Patodia, President, All India Carpet Manufacturers' Association, in an exclusive interaction with Fibre2fashion told, “Due to recession in global market, Indian Carpet Industry is facing shortage of export orders, delay in payments and cancellation of orders. More then 2 million rural artisans are facing danger of unemployment. At least 50 percent of exporters are not able to pay back loans. The industry need Government supports badly. Better Duty Drawback rate, low rate of interest on export finance can help the industry.”

Indian carpet industry is 100 percent export oriented industry and has very small domestic market which is also very slow. Each year, over Rs35 billion worth handmade carpet are exported to various countries.

An industry, that once provided employment to over 300,000 people, today, is unable to generate jobs even for 10,000 people.

Until and unless world market scenario improves, and Government pays heed to this waning sector, it will be quite difficult for the carpet industry to survive fierce competition of the world market, suggests Mr Patodia.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X