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Textile handicraft exporters foresee good Christmas
05
Jul '11
Indian textile handicraft exporters are agog with excitement as they foresee a good demand being generated from their main buyers, Europe and the US for Christmas.

Overall handicrafts exports have surged from US $154 million in May 2010 to US $183 million in May 2011, up 19% year-on-year. In the first two months of the current fiscal beginning April, handicraft shipments rose 16% year-on-year.

This has been mainly made possible due to an increase in demand from the European and US markets, which together account for around 60% of Indian handicraft exports.

In the previous fiscal year 2010-11, shawls registered a growth of 38%, hand printed textiles and scarves recorded a rise of 19%, embroidered and crochet goods posted an increase of 15%, while, zari and zari goods showed a growth of 17%.

The positive optimism is generated from the fact that the confidence levels of buyers of handicrafts from these two regions are showing an upsurge.

Though the orders are yet to pick up, exporters of carpets and textile handcrafts have started sending samples of goods to their buyers.

It is expected that orders will start pouring in, September onwards; in time for the handcraft goods to hit the store shelves before Christmas.

Fibre2fashion News Desk - India

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