Cheap synthetic carpet imports hit domestic carpet industry

Cheap synthetic carpet imports hit domestic carpet industry
PTI
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First Published: Thu, Apr 09 2009. 01 29 PM IST
Updated: Thu, Apr 09 2009. 01 29 PM IST
Mumbai: The dumping of cheap synthetic carpets from China and Middle-East has hit the Rs4,000-crore domestic carpet industry, endangering the livelihood of over 1,50,000 weavers in India, a top industry official said.
“We have urged the Government to impose restrictions on imports of synthetic carpets to India to protect the in-house carpet industry,” Birla TransAsia Carpets’ President & CEO, Manish Malani, told PTI here.
The centuries-old Indian carpet industry, currently worth Rs4,000-crore is already facing a severe crisis in the wake of the global economic slowdown, endangering the livelihood of over 1,50,000 weavers in Kashmir alone,“ Malani said.
Birla TransAsia Carpets Ltd, a part of the Yash Birla Group, is engaged in the manufacture of machine-made woolen carpets having a capacity of 1,50,000 square meters per annum.
The Indian carpet industry which was about Rs800 cr in 1980 has touched Rs4,000-crore this year. However, due to the global slowdown, the growth rate has come down to less then 10%.
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First Published: Thu, Apr 09 2009. 01 29 PM IST