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Expo boosts carpet business by almost Rs 300 cr
15 Mar '16
2 min read
Carpet Export Promotion Council (CEPC) Chairman, Kuldeep R. Wattal said that the 31st edition of India Carpet Expo in New Delhi generated business worth about Rs. 260 crore to Rs. 300 crore. He said that a growth rate of about 10 per cent to 15 per cent in dollar terms and 15 per cent to 20 per cent in rupee terms is expected this year. His comments came on the closing day of the four-day Expo, according to a Textile Ministry press release.
According to Wattal, the Expo would lead to opening up of new market opportunity for the industry and will help small and medium Indian carpet exporters in promoting their products in overseas countries. The Expo showcased the products of more than 270 reputed small, medium and large manufacturer exporters from all over the country.
The Chairman said that the Government has set up an export target of Rs.10,000 crore ($1591 million) for carpets and floor coverings for the fiscal year 2015- 2016, which he said shall be achieved.
Four hundred and ten buyers from 58 countries participated in the Expo. Buyers from countries like Zimbabwe, Vietnam, Palestine, Bulgaria, Israel, Egypt, Poland, Ukraine, Malaysia, Mauritius, Taiwan, Serbia, Colombia and Hungary made their maiden appearance at the expo, the release said.
Earlier on March 11, Textiles Minister Santosh Gangwar who inaugurated the Expo, assured carpet manufacturers and artisans that the government will continue to support the carpet industry and its export efforts in every possible way.
Gangwar expressed his happiness and satisfaction at the No. 1 position held by the Indian handmade carpet industry in the international market; he recalled that the Indian handmade carpet industry is growing at 17 per cent per annum, despite a weak global market. (SH)
According to Wattal, the Expo would lead to opening up of new market opportunity for the industry and will help small and medium Indian carpet exporters in promoting their products in overseas countries. The Expo showcased the products of more than 270 reputed small, medium and large manufacturer exporters from all over the country.
The Chairman said that the Government has set up an export target of Rs.10,000 crore ($1591 million) for carpets and floor coverings for the fiscal year 2015- 2016, which he said shall be achieved.
Four hundred and ten buyers from 58 countries participated in the Expo. Buyers from countries like Zimbabwe, Vietnam, Palestine, Bulgaria, Israel, Egypt, Poland, Ukraine, Malaysia, Mauritius, Taiwan, Serbia, Colombia and Hungary made their maiden appearance at the expo, the release said.
Earlier on March 11, Textiles Minister Santosh Gangwar who inaugurated the Expo, assured carpet manufacturers and artisans that the government will continue to support the carpet industry and its export efforts in every possible way.
Gangwar expressed his happiness and satisfaction at the No. 1 position held by the Indian handmade carpet industry in the international market; he recalled that the Indian handmade carpet industry is growing at 17 per cent per annum, despite a weak global market. (SH)
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