Home / Knowledge / News / Textiles / Carpet exports on revival mode – Maran
Carpet exports on revival mode – Maran
03
Mar '10
Textiles Minister Dayanidhi Maran while interacting with media on the sidelines of the India Carpet Expo 2010, a B2B event, organized in New Delhi by the Carpet Export Promotion Council (CEPC), said that in comparison with December 2009, exports of Indian carpets have grown by 8.5 percent in January 2010 and the momentum is expected to continue in months to come.

After inaugurating the event, which was also graced with the presence of Minister of State for Textiles Panabaaka Lakshmi and Secretary, Ministry of Textiles, Rita Menon, he stated that the carpet industry is invigorating with the increasing demands in European markets.

Maran held that they are delighted over inauguration of the carpet expo and buyer-seller meet. Last year only 200 buyers visited the expo, but this year by now already 300 buyers have enrolled themselves for the event. Thus, it reveals that the economy is invigorating.

Numbers of buyers from EU and US have notably increased with a good deal of carpets being exported there, which indicates that effects of recession are tapering off. Gradually, the carpet industry is revitalizing and now is portraying a positive trend, he added.

However, the CEPC data reveals that, exports of carpet for the period between April to January 2008-09 was US $413.30 million, and during corresponding period in 2009-10 it stood at $406.11 million, depicting a decline of 1.73 percent. But, for the month of January this year it has risen by 8.5 percent over previous month.

The India Carpet Expo 2010 in South East Asia is an exhibition of handmade carpets and other floor covering, which is internationally recognised and over 240 exhibitors from all over the country are exhibiting their latest designs of handmade carpets and other floor coverings.

Over 360 foreign buyers from all over the world inclusive of USA, UK, Germany, Canada, France, Italy, and South Africa have enrolled themselves with the council and are expected to visit the fair.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search