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Exports of carpet increases by 22% to $3.60 mn
23
Jul '10
India's carpet export increases by 22 percent to $3.60 million in June year-on-year owing to good orders from US and Europe. In June 2009, exports were recorded at $2.94 million.

As per OP Garg, Chairman, Carpet Export Promotion Council (CEPC), apart from the US and Europe, carpet industry is also receiving good amount of orders from the Middle East and Latin America.

More so, Garg also stated that, for 2010-11, carpet exports would rise by around 25 percent to $650 million from $525 million recorded in the same period, last year.

The categories that recorded growth were handmade and synthetic carpets, which have increased by more than 94 percent, followed by handmade woolen carpets, rugs, druggets and handmade silk carpets.

US and EU together, total for nearly 70 percent of the nation's exports of carpets. Apparently, exports of carpets started falling since October 2008 but had somehow managed to get back on to the track in November 2009, witnessing an increase of 18 percent. This sector provides jobs to 2.5 million people.

During June 2010, India's exports increase by a good 30.4 percent to $17.75 billion, whereas, in June 2009, exports had dived by 27.7 percent to $12.81 billion, owing to world economic downturn.

Fibre2Fashion News Desk - India


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