New Delhi [India], September 29 (ANI): India's handwoven carpet industry holds significant potential for economic growth and job creation, particularly for women, according to a study conducted by IIM Bangalore and King's College London. With a median turnover of Rs 1.5 crore, the industry demonstrates strong vertical integration and export orientation, with Rajasthan and Uttar Pradesh leading the way.
Also Read | IPL Retention Rules Explained: No of Retentions, Right To Match Card Usage, ‘Uncapped Player’ Category, Salary Purse and All You Need To Know Ahead of Mega Auction. Carpet firms in Rajasthan (97 percent) and Uttar Pradesh (81 percent) are predominantly exporters, in contrast to Kashmir (46 percent), where trade show attendance is less common, and access to foreign clients is challenging. Kashmir primarily exports luxury carpets, with Germany and the UAE being key destinations.
Also Read | 'One Nation, One Election': Government Mulls 3 Bills To Implement One Nation, One Poll Plan. In Uttar Pradesh and Rajasthan, exports cater to the mass market, with the USA, followed by the UK, as the main destinations. The report highlighted that nearly 90 percent of firms in Uttar Pradesh and Rajasthan have adopted innovative methods and designs, while Kashmir excels in luxury carpet exports to Germany and the UAE.
The study found that the carpet industry requires improved market linkages, export assistance, and innovation to further boost exports and employment. "While market.