Home / Knowledge / News / Textiles / India's handicraft exports surge in November
India's handicraft exports surge in November
12
Dec '12
Spiralling demand in western markets such as the US, has stirred a spectacular 42 percent rise in India’s handicraft exports, which surged to US$ 106 million during November this year compared to exports worth US$ 74.6 million during November last year, Export Promotion Council for Handicrafts (EPCH) data shows.
 
According to EPCH, though the demand from the EU market has yet not gathered momentum, the Indian handicraft industry is experiencing high demand from the US and China.
 
Traditionally, the EU and the US together account for around 60 percent of India’s handicraft exports. However, the Indian handicraft exporters are presently also trying to promote and create demand for their products in new emerging markets of Latin America, CIS countries and the Middle East.
 
With a year-on-year growth of 124 percent, shawls and artware turned out to be the most exported item during November.
 
The sector’s exports for initial eight months of the current fiscal grew to US$ 1.6 billion, which is 18.3 percent higher than exports registered during the same period last year.
 
EPCH foresees the sector’s overall exports for current fiscal at US$ 3.2 billion, as against last fiscal’s exports of US$ 2.75 billion.
 
Saharanpur, Narsapur, Moradabad, Jodhpur and Jaipur are India’s key handicraft centres, providing employment to about one million people.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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