Home / Knowledge / News / Textiles / Handicraft exporters demand hike in withdrawal limit
Handicraft exporters demand hike in withdrawal limit
25
Nov '16
Handicraft exporters facing a cash crunch have demanded that withdrawal limits should immediately be increased from Rs 50,000 per week to Rs 5 lakh per week based on the size and scale of the organisation. The handicraft industry deals in cash and the liquidity crunch is affecting the sector, according to the Export Promotion Council for Handicrafts (EPCH).

Handicrafts are essentially produced at village and cottage level and workers of the sector are not turning up for work. This is affecting production as well as export orders, said media reports quoting Rajesh Jain, vice chairman, EPCH.

Women and workers of the weaker sections form a large part of the Handicraft industry, which collectively employs about 70 lakh people across the country. The industry recorded a 3.45 per cent growth in exports in the month of October to reach $149.5 million.

The cash withdrawal limit for small traders was hiked to Rs 50,000 per week last week. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search