31st India Carpet Expo generates business worth about Rs. 260 crore to Rs. 300 crore
A record number of 410 overseas carpet buyers from around 58 countries visited the Expo, generating good business for this village-based cottage sector. The Expo is part of the Council's endeavours to provide a friendly business environment to both carpet importers and manufacturer-exporters, which will ultimately benefit about 2 million weavers and artisans employed in this labour intensive industry.
The Chairman of CEPC, Shri Kuldeep R. Wattal said that the Expo generated business worth about Rs. 260 crore to Rs. 300 crore. He said that a growth rate of about 10% to 15% in dollar terms and 15% to 20% in rupee terms is expected this year. He said that the Expo will lead to opening up of new market opportunity for the industry and will help small and medium Indian carpet exporters in promoting their products in overseas countries. He added that eventually, this ongoing process, on a broader scale, is instrumental in projecting the Make in India brand in foreign markets.
The Chairman said that the Government has set up an export target of Rs.10,000 crore (US \\$ 1591 million) for carpets & floor coverings for the fiscal year 2015- 2016, which he said shall be achieved. He further said India Carpet Expo is an ideal platform for international carpet buyers, buying houses, buying agents, architects and Indian carpet manufacturers & exporters to meet and establish long-term business relationships. This is for the first time that 58 countries participated in the Expo, with buyers from countries like Zimbabwe, Vietnam, Palestine, Bulgaria, Israel, Egypt, Poland, Ukraine, Malaysia, Mauritius, Taiwan, Serbia, Colombia and Hungary attending for the first time.
Background
Carpet Export Promotion Council was established by the Ministry of Textiles, Government of India, to promote the exports of hand-made / hand-knotted carpets and other floor coverings. CEPC helps in skill enhancement of weavers, artisans and entrepreneurs, strengthening base in existing markets, identifying potential markets, educating about government policies and its compliance and providing financial assistance for brand building of Indian hand-made carpets through publicity, participating in world renowned trade fairs and expositions.
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