Home / Knowledge / News / Textiles / Carpet exports bloom but labour scarcity hinders growth

Carpet exports bloom but labour scarcity hinders growth

03
Feb '11
The country's carpet exports have registered a rise of 19.66 percent during the initial nine months of the current fiscal year, as over the corresponding period in the 2009-10 fiscal.

The government has fixed the carpet export target for this fiscal at around $650 million, which seems to be quite achievable, as by end of the third quarter of the current fiscal the country has already exported $ 431.86 million worth of carpets.

The export target for the last fiscal year 2009-10 was fixed at $525 million, while the total exports by close of the third quarter came to around $ 360.92 million.

Thus, with this triumph in current fiscal, the government is likely to fix a higher target for the next financial year. This would also be done in the pursuance of the prospective demand from alternative markets like Latin America, Africa, Middle East, China, Japan and Turkey.

Further that, the carpet exports have a potential to grow at a rate of 25 percent per annum, but the present day labour scarcity is impeding the total production of carpets for export. The carpet manufacturers presently are engaged in production of shaggy rugs, loom carpets and hand-tufted carpets.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Jul 2021

French Parliament passes law to apply 'carbon labels’ to garments

The French Parliament recently approved a climate bill that will...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Global economy projected to grow at 6% in 2021, 4.9% in 2022: IMF

The IMF recently projected the global economy to grow at 6 per cent...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Prime Content| Why is home textile sourcing shifting from Pak & China to Bangladesh?

Buyers in the US, EU and UK are shifting their textile sourcing from...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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

Leave your Comments


July 2021

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


Advanced Search