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Carpet exports on revival mode – Maran

03
Mar '10

Textiles Minister Dayanidhi Maran while interacting with media on the sidelines of the India Carpet Expo 2010, a B2B event, organized in New Delhi by the Carpet Export Promotion Council (CEPC), said that in comparison with December 2009, exports of Indian carpets have grown by 8.5 percent in January 2010 and the momentum is expected to continue in months to come.

After inaugurating the event, which was also graced with the presence of Minister of State for Textiles Panabaaka Lakshmi and Secretary, Ministry of Textiles, Rita Menon, he stated that the carpet industry is invigorating with the increasing demands in European markets.

Maran held that they are delighted over inauguration of the carpet expo and buyer-seller meet. Last year only 200 buyers visited the expo, but this year by now already 300 buyers have enrolled themselves for the event. Thus, it reveals that the economy is invigorating.

Numbers of buyers from EU and US have notably increased with a good deal of carpets being exported there, which indicates that effects of recession are tapering off. Gradually, the carpet industry is revitalizing and now is portraying a positive trend, he added.

However, the CEPC data reveals that, exports of carpet for the period between April to January 2008-09 was US $413.30 million, and during corresponding period in 2009-10 it stood at $406.11 million, depicting a decline of 1.73 percent. But, for the month of January this year it has risen by 8.5 percent over previous month.

The India Carpet Expo 2010 in South East Asia is an exhibition of handmade carpets and other floor covering, which is internationally recognised and over 240 exhibitors from all over the country are exhibiting their latest designs of handmade carpets and other floor coverings.

Over 360 foreign buyers from all over the world inclusive of USA, UK, Germany, Canada, France, Italy, and South Africa have enrolled themselves with the council and are expected to visit the fair.

Fibre2fashion News Desk - India

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