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Carpet exports from India up 24%
27
Sep '10
Regardless of the sluggish economic recovery, initial five months of the current financial year has seen carpet exports from India going up by 24 percent.

Industry experts here said that, the growth was quite foreseeable, but then the demand from US and European countries still remains to be sluggish. However, exporters are selling carpets at pretty low rates which is negatively impacting the sector's worth.

Carpets worth of around US $220.04 million were exported in the initial three months of this fiscal, as against exports worth $177.34 million during corresponding period last fiscal.

However, there is impending demand coming from other markets like Africa, Middle-East, Latin America, Japan, China and Turkey.

During the period from April to June this year, while woollen carpet exports grew to $204.95 million against $163.36 million during corresponding period last year, silk carpets were up from last years' $8.99 million to $9.54 million, while synthetic carpets rose from $4.99 million to $5.55 million.

Fibre2fashion News Desk - India

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