Home / Knowledge / News / Textiles / Carpet exports fall by around 12%
Carpet exports fall by around 12%
18
May '10
In the fiscal 2009-10, carpet exports of India slipped down to US $525 million, recording a drop of around 12 percent against the previous fiscal. This was due to fall in demands from major export markets such as US and Europe.

The country has not received improved amount of export orders for carpets from US and European markets in the last couple of months, informed OP Garg, Chairman of Carpet Export Promotion Council (CEPC).

This fall in demand has forced Indian carpet exporters to focus on new markets such as Russia, Dubai, China, Brazil, Australia and Kuwait, whilst around 70 percent of India's carpet exports are shipped to the US and Europe.

Garg said that, this fiscal, these exports are expected to increase by 25 percent compared to the 2009-10 fiscal, in view of the improved demand from the above-mentioned new markets. For instance, Russia has recently ordered carpets worth about 10 million from India.

China can prove to be a potential market for Indian hand-made carpets, as the former is now producing only machine-made carpets. Country's carpet exports started witnessing turmoil since October 2008, but regained positive trend soon in the month of November with 18 percent growth. Around 2.5 million people depend on this sector for their livelihood.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

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

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
March 2017

March 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