CARPET EXPORTS GROWN BY 8.5%( DAYANIDHI MARAN

Union Minister of Textiles , Thiru Dayanidhi Maran inaugurated 16th India Carpet Expo here today in the presence of Tmt. Panabaaka Lakshmi, Union Minister of State for Textiles and Smt. Rita Menon, Secretary (Textiles) . India Carpet Expo (ICE), which is organized by the Carpet Export Promotion Council, is the largest fiesta of handmade woolen, silk carpets, rugs and floor-coverings. The Expo will remain open from 23rd to 26th February. This will be followed by an Exhibition-cum-Buyer Seller Meet on 27-28 February, 2010 in Jaipur.While speaking to the media persons on the sidelines, Thiru. Maran said that month- on- month basis carpet exports grown by 8.5 % in January 2010 and hoped that this positive trend will also continue in the coming months. Moreover, he said, the number of buyers have increased this time as compared to the last expo, this trend shows that the economy is reviving. The number of buyers from the USA and Europe also gives us hope that the recession there is over, Thiru Maran added. Responding to the question on stimulus packages, the Textiles Minister said “ Three stimulus packages given by the government has helped Textiles industry a lot. That is the reason, this industry has been able to revive along with the revival in the economies of Europe.” On Textiles exports, Thiru Maran said “we were negative 15 per cent, now we are showing 5-7 per cent growth. overall month-on-month, we can say we are positive but overall we are still negative.”