Carpet exports up 8.4 pc to $89.3 mn in April

Top Stories

»	Sensex climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally
»	SEBI mulls 3rd-party monitoring of IPO fund use, shell firms pose market risk: Tuhin Kanta Pandey
»	India-Chile FTA ripe for conclusion, Canada talks progressing well: Piyush Goyal
»	Sensex, Nifty end higher in volatile trade; metal and pharma stocks lead gains
»	Govt extends RELIEF scheme for risk coverage of export shipments due to Gulf war

SME Times News Bureau | 07 May, 2013
The carpet exports from India grew 8.4 percent year-on-year to USD 89.3 million in the first month of the 2013-14 fiscal, reports media.

"The demand for our carpets is rising in emerging markets like the Latin America, Africa and China, besides the US," said Siddh Nath Singh, Chairman Carpet Export Promotion Council (CEPC).

The carpet exports stood at USD 82.33 million in April 2012, according to the data provided by the council (CEPC).

Singh said, however, the demand in European market is still sluggish.

The US and European markets account for over 60 percent of the country's total carpets exports.

The categories that registered maximum growth in April include handmade silk carpets which grew by 26 percent, followed by handmade tufted carpets 12.26 percent, handmade woollen knotted carpets 7.13 percent and synthetic carpets about 5 percent.

During 2012-13, carpets exports crossed the USD 1 billion mark. The carpet exports sector employs over 1 million people, report added.