Home / Knowledge / News / Textiles / Exports of carpet increases by 22% to $3.60 mn
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


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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