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

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

COVID-19 puts break on India’s raw material import

Novel coronavirus (n-CoV or COVID-19) epidemic has taken more than...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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


February 2020

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


Advanced Search