Varanasi, Feb. 5 -- Carpet exporters and entrepreneurs in the Bhadohi carpet hub are hopeful of better days ahead after the United States reduced tariffs on Indian carpets to 18% from 50%.
Carpet Export Promotion Council (CEPC) director Piyush Barnawal said, "The tariff reduction has come as a great relief to carpet manufacturers. We are hopeful of good days in the near future, as American importers may place fresh orders and consignments currently in transit may now be cleared."
He added that the move has infused fresh energy among carpet manufacturers across the Bhadohi carpet hub, which includes Varanasi and Mirzapur.
The Bhadohi carpet hub exports carpets worth around Rs.9,500 crore annually- Rs.4,500 crore through direct exports a...
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