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India's handicraft exports rise 13% on US demand
21 May '13
1 min read
Owing to recovery in demand from the US market, India’s handicraft exports surged 13 percent to US$ 256.8 million in April this year, as against April 2012’s US$ 227.16 million, Export Promotion Council for Handicrafts (EPCH) data shows.
The items that posted positive export growth during the month includes hand printed textiles and scarves, whose exports grew by about 10 percent year-on-year, and shawls as artwares by 29.3 percent year-on-year.
Alongside revival in demand from traditional markets like the US, producers are also receiving good number of orders from new markets like Latin America, Africa and China, EPCH Director Rakesh Kumar said, according to SME Times.
However, demand from the EU is still to perk up, Mr. Kumar said.
Traditionally, around 60 percent of India’s total handicraft exports are destined to the EU and US.
In fiscal 2012-13, India successfully achieved its handicraft export target of US$ 3.3 billion.
Fibre2fashion News Desk - India
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