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

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search