How to Start Carpet making business in 2022
This article is about that product which is the prerequisite in the make up of every typical Indian household, it’s the main reason we’re asked to leave our shoes outside and not roam around with dirty feet so that we don’t ruin the Carpet
Did you know? The Indian carpets manufactured in India are sold at a price 5 times higher in USA than in India? Exactly, That’s how much it’s labor intensive, precision and artisanal work is valued abroad.
Carpets are the monopoly for India. India is the world’s largest producer and exporter of carpets in terms of volume and value. Around 75%-85% of carpets manufactured in India are sold in over 70 countries of the world.
This Carpet making business which has been and ancient tradition and has become a flourishing industry since the 16th century with all the competitive edge to you in terms of labor, Indian handicrafts, raw material has bought to you this business opportunity.
It’s time you take this legacy forward and here’s how
Carpets are textile floor coverings which are typically made of a thick woven fabric. These could be classified on the basis of
The market potential for carpets is vast contributing to its domestic as well as foreign demand. Infact exports of carpets from India stood at $1.37 billion in 2020.
Further the market for carpets is rising because of the handcraft and artisanal and labour intensive, precision work involved in it which attracts a huge foreign demand and domestic demand because of unique regional artwork involved in carpet making specially in Agra, Jaipur etc
The market potential for this business can be further be elaborated and dug into on the following basis
On the basis of carpet fabric used
On the basis of carpet piles and face weight
On the basis of indoor carpet style and construction
On the basis of knots involved in carpet
On the basis of uses of carpets
The licenses required to run this business are
The investment required to set this business is ₹5 lakh – ₹ 10 lakhs
The profits from this carpet making business is ₹50000-₹100000 per month
The target consumers for your carpet making business are
The area required to set this carpet making business is 1000sqft-1500 sq ft
The raw materials required to set this carpet making business are
The machinery required to set up this business is
The manpower required to set up this carpet making business is
Moreover, ample training in terms of the following must also be provided with
The business model of a carpet making business can be defined using these four variants
The marketing strategy that can be implemented by your carpet making business is
The carpet making business has the potential and has witnessed the following growth prospects
The profit margin which this business is likely to yield to you is
Don’t slip this opportunity under the carpet and here’s why
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