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Traditional Carpet Manufacturers weaving involves hand-woven carpets. Though machine manufactured carpets are available in plenty in the market, people still prefer the handmade carpets because
The carpet weaving tradition was started by the Mogul dynasty in India. Initially considered a luxury item that was affordable only by the royals, carpets today are part of almost all households in India. Woven out of materials like silk, Pashmina, cotton and wool primarily, they surely add a royal look to the interiors and especially during winters they form a formidable way of keeping the indoors warm.
While getting into this industry is definitely lucrative, getting into manufacturing hand-woven carpets mean that the factory needs to be close to the source of raw materials as well as experienced local artisans must be available easily throughout the year. While handmade carpets are expensive compared to the machine manufactured ones, making the carpet manually involves washing the raw material, braiding, weaving, knitting and then carding and spinning into a yarn which is time-taking and long drawn as compared to the machine-made carpet.
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India is the largest producer and exporter of Traditional Carpet Manufacturers. The fact is that more than 90% of the hand of the carpet woven in the country is exported and the largest buyer of these Traditional Carpet Manufacturers is the US. Apparently the world is quite fond of the Indian made carpet that is available in different colors, designs, and materials. The value of handmade carpet exported was worth USD 1358.17 million in 2015 and in 2016 it was valued at USD 1437.6 million.
The Indian carpet industry is poised to be growing at a CAGR of 2.6% by value from the current year until 2021.
Both GST and MSME registration helps the newly established manufacturing unit to avail of different type of government benefits.
Also, Read: Conversion of Sole Proprietorship into Partnership.
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