In the no so distant past, the rug business in Kashmir was seeing consistent development because of the expanding request and powerful deals in the worldwide and household markets. The complete offers of Kashmiri floor coverings, including sends out, were evaluated to associate with Rs 500-600 crore a year ago. A year back, handlooms over the valley were overwhelmed with orders for trading silk and woolen floor coverings to purchasers in the United States, Europe and West Asia.

Nonetheless…

this doesn’t appear to be the situation right now. Reeling under the effect of the financial downturn, Kashmir’s floor covering industry is slowly losing its brilliance. The hundreds of years old floor covering industry of the valley is experiencing a lean stage as deals have drooped and edges have limited radically, representing a risk to the sustenance of SMEs in the part.

With request having plunged significantly in the course of recent months, almost 200,000 weavers in about 30,000 handlooms over the valley have lost their positions. Merchants and market investigators foresee that separated from the weavers, numerous other people who rely upon this 700-year-old industry like dyers, washermen and individuals occupied with the handling units likewise remain to lose their positions, given the present economic situations.

Moreover, various little scope units that delivered dazzlingly structured silk and woolen floor coverings for global purchasers have halted creation because of lower trade volumes. This year, it is expected that sends out from the part would think that its difficult to keep up a similar income profit of Rs 500 crore as a year ago. Under the intense financial conditions, deals from the part are probably going to arrive at Rs 200 crore. Given the present market situation, government activities like monetary and advertising backing could serve to help little scope units in the floor covering part to recoup a portion of the misfortune confronted.