Home / Knowledge / News / Textiles / India's handicraft exports surge in October
India's handicraft exports surge in October
08
Dec '11
Backed by increasing demand from emerging markets like the Middle East and Latin America, a surge has been noted in handicraft exports from India during the month of October.

Registering a year-on-year rise of around 32 percent, the country's handicraft exports grew from US$ 41 million in October 2010 to US$ 55 million in October this year.

Handprinted textiles and scarves and shawls as artwares were among the major contributors to the export growth during October this year, with each registering a rise of 44 and 30 percent, respectively.

Although the demand from Western markets such as the Europe and the US moved sluggishly due to scanty economic growth there, a rise was noted in orders flowing from emerging markets like Latin America, Africa and the Middle East.

Around 60 percent of the total handicraft exports from India are destined to the EU and the US markets.

During the initial seven months of the current fiscal 2011-12, India's handicraft exports growing at 20 percent year-on-year increased to US$ 1.2 billion.

According to the Export Promotion Council for Handicrafts (EPCH) estimates, country's handicraft exports are likely to touch US$ 2.7 billion during the current fiscal. Last fiscal, the exports jumped to US$ 2.3 billion, showing a year-on-year rise of 26 percent.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

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

Judy Frater
Somaiya Kala Vidya

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search