Home / Knowledge / News / Association/Org / CEPC lowers India's carpet export target for FY12

CEPC lowers India's carpet export target for FY12

31
Dec '11
The Carpet Export Promotion Council (CEPC) has reduced India's carpet export target for the current fiscal from earlier fixed US$ 800 million to US$ 700 million.

The Council said export performance for the first half of the year was very good, but the waning exports in recent months has forced it to lower the export target, as the target set earlier this year now seems unattainable.

Growing vigorously at a rate of 24 percent, carpet exports touched the US$ 653 million mark during 2010-11, up from previous fiscal's US$ 525 million.

According to the CEPC data, India exported US$ 472.2 million worth of carpets during April-November this year, a US$ 58.24 million worth of which were shipped out during November.

The April-November period this year saw exports of handmade woollen carpets, draggets, rugs and daris rising to US$ 249.35 million, US$ 28.29 million, US$ 180.15 million and US$ 14.41 million respectively, the CEPC data noted. The data includes figures of exports of cotton carpets, handmade silk carpets, handmade woollen tufted carpets and handmade stable/synthetic carpets.

According to official data, the EU and the US respectively account for around 40 and 30 percent of India's overall carpet exports.

The CEPC added that performance of exports to the Latin American markets is good, but African countries impose heavy duty which raises the cost of carpets. Thus, if the duty aspect is taken care of, there will be ample opportunities for Indian carpet exporters in African markets.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Jan 2021

Belarus unveils five-year light industry plan

Bellegprom, the light industry concern of the Belarusian ministry of...

Pic: USDA/FAS

Textiles | On 23rd Jan 2021

US cotton exports rise on China demand: USDA report

Despite US cotton production falling 5 million bales from the...

Pic: Shutterstock

Apparel/Garments | On 23rd Jan 2021

Explore new markets for RMG industry: Bangladesh minister

Bangladesh commerce minister Tipu Munshi recently highlighted the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


January 2021

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


Advanced Search