Union Minister Kamal Nath to inaugurate Carpet Expo

Shri Kamal Nath, Union Minister of Commerce and Industry, will be inaugurating the 14th India Carpet Expo tomorrow, 12th February at Pragati Maidan. Shri Shankersinh Vaghela, Union Minister for Textiles; Shri G.K. Pillai, Commerce Secretary and Smt. Rita Menon, Textiles Secretary will also attend the function. The 4-day (February 12-15) Expo is being organized by the Carpet Export Promotion Council.

The Expo is world acclaimed established fair on handmade carpets and other floor coverings in South East Asia, envisaging unique business oriented platform to the importers and exporters. More than 200 exhibitors from Uttar Pradesh, Rajasthan, Jammu & Kashmir, Haryana will be displaying their trend setting designs of handmade carpets and floor coverings. It is expected that around 300 overseas buyers from USA, Germany, France and Italy will be visiting the Fair.

The Indian Carpet Industry has the potential for expansion since adequate skilled manpower and raw-material is available and, moreover, Indian carpets have tremendous flexibility and adaptability.

The total export of carpets viz., handmade woollen tufted, handmade silk, handmade staple/synthetic, cotton, rugs, druggets, durries etc., during the year 2007-08 was US $ 875.71 million as compared to US $ 807.94 in 2006-07. The top exporting destinations are: USA, Germany, UK, Australia and France etc.

Source : Equity Bulls

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