“The exports stood at USD 47.80 million in April last year, according to
the latest data provided by the Carpet Export Promotion Council (CEPC).
. .
“There is a demand surge at the moment. The US and European markets are
performing better,” the CEPC’s Chairman, O.P Garg told SME Times.
. .
He also mentioned that the new markets are performing well, as demand
flow is increasing particularly from Middle-east and Latin America. . .
The exports of major carpet items have witnessed growth in April which
includes products such as handmade woollen carpets, rugs, druggets,
durries, etc. In fact, cotton carpets have also witnessed growth in
April. . .
While, other segments that includes handmade woollen tufted carpets,
handmade silk carpets and handmade staple/ synthetic carpets have also
surged as compared to the same period in the corresponding year.
. .
According to the Council, India’s carpet exports increased by 24 percent
to USD 653 million in 2010-11 against USD 525 million in fiscal
2009-10. CEPC has also targeted to reach USD 800 million of carpet
exports in this financial year”
Date:6/5/2011
Source:www.just-style.com