Home / Knowledge / News / Textiles / Handicrafts exports grow 18pc in first quarter
Handicrafts exports grow 18pc in first quarter
11
Jul '11
India's handicraft exports have grown to US$ 555 million during the initial three months of the current fiscal year, showing a rise of 18 percent over US$ 469.80 million registered during corresponding period of last fiscal. However, the industry experts say that the exports growth is not on the expected lines.

The continuing rise in exports was owing to penetration in newer markets and the rising demand from the customary western markets, mainly the US and the Europe. Art metalware, imitation jewellery and woodware emerged as the main handicraft segments which grew healthily during the first quarter of current fiscal.

In the month of June, the value of exports increased to US$ 166.66 million, recording a year-on-year rise of 22.34 percent over June 2010's US$ 136.23 million.

Meanwhile, the Export Promotion Council for Handicrafts (EPCH) has said that it would ask the Commerce Ministry to resolve the issues that are impeding the sector's growth and would also raise a demand for introduction of new measures to boost exports.

Besides, with a view to intensify their exports to Latin American countries, exporters in the country are even considering a proposal of instituting a warehouse in Uruguay. Also, a team of EPCH representatives will be meeting the Director General of Foreign Trade (DGFT) in connection with the review exercise for export sectors.

EPCH is also to plead its case before the Government to grant one billion rupees to each of the seven cities which are considered to be core centres for handicrafts, to support skill and technological development facilities. The list of seven cities includes Varanasi as a centre for zari and zari products.

According to the EPCH, the Government should reinstate the export benefits for the dealers and retailers for sale of handicraft goods to foreigners in foreign currency.

The handicraft industry in India currently employs around 7.6 million people.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search