The inscription, probably in Urdu, reads:
..... qalicheh az ... karkhana agra ..... sana 1920 (the carpet from ...... workshop of Agra ..... the year 1920).
It is very interesting to see this carpet inscribed as being from Agra. It is of a type, particularly with its blue wefts, that is usually attributed to Amritzar. This inscription therefore indicates that some current Amritzar attributions should be re-appraised.