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India hits US$1bn target

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An unapologetically random collection of our thoughts and observations on the wild, exciting and perilous world of carpet tiles

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India hits US$1bn target

It’s a momentous occasion for the Indian Carpet Export industry as they have successfully achieved the US$ 1 billion carpet export target set for the last financial year. According to the Carpet Export Promotion Council (CEPC) statistics, with a 12 percent rise over 2011-12’s exports of US$ 955 million, India exported US$ 1.07 billion worth of carpets and carpet tiles during 2012-13.

According to the CEPC Chairman Siddh Nath Singh, he feels that the rise could be attributed to robust demand from new markets like China, US and Latin America, alongside traditional US market, Economic Times reported quoting PTI.

However unsurprisingly some of us might think, Mr. Singh said that the demand from the EU market remained subdued during the year. The EU and the US together account for around 60 percent of India’s overall carpet exports.

The Indian economy has over 1 million people who depend on the Carpet export sector to earn a living, so this news will be a major boost to the industry and the families involved. It is also apparent that the need for handmade items is much sought after rather than mass made products. For instance, the segments that tapped highest export growth during last financial year include handmade silk carpets with 44% growth, handmade woollen tufted carpets with 23% growth and synthetic carpets with 17%growth.

India is booming and the quality and the service levels are obviously key to their success
 

 

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