US$50 million Singapore rug market draws Indian household name and Australian collab with local designers

ONE hails from India and ranks among the largest producers of handmade rugs in the country; the other is an Australian company whose rugs feature in commercial and residential spaces in Singapore.

This month, both opened new showrooms just a stone’s throw away from each other on Amoy Street. The prize? The local rug market worth US$50 million, as estimated by newcomer Jaipur Rugs, in its current financial year ending March 2025.

And then, of course, there are also opportunities that come with being close to neighbouring countries.