INDIA: Carpet exports up 19 percent in April.
Carpet exports grew by about 19 percent to USD 56.53 million in April 2011, due to demand surge from the western markets.
Egytex News Desk
Source: www.yarnsandfibers.com
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.
Source: www.yarnsandfibers.com
From the Egytex news archive, first published on 5 June 2011. Figures and names are as reported at the time.
