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

Courtesy: CLO Virtual Fashion

Information Technology | On 9th Dec 2016

CLO expands 3D simulation technology in Europe

CLO Virtual Fashion, developers of 3D garment visualisation...

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Smita Murarka
Amanté

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

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

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

Marten Alkhagen
Swerea IVF AB

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

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater
Somaiya Kala Vidya

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search