Home / Knowledge / News / Textiles / Handicraft sector finally in focus
Handicraft sector finally in focus
15
Jan '08
Peruvian handicrafts export has contributed immensely to the country's economic growth. By the end of 2007, the total export of these goods figured some where near US $142 million. As a result, this particular sector has become a lucrative enterprise for people who wish to benefit from foreign trade.

In other countries like China and India, handicraft had always played an important role in earning foreign revenues. When given an opportunity to participate in international exhibitions and events, these countries make the most of it. Of late, Peru has also taken the initiative to participate in a number of trade fair to give a thrust to its budding handicraft sector.

While India and China take up nearly 60-80 stands in these foreign trade shows, Peru manages to occupy about 20. However, each of these space costs nearly $10,000 and Peru would really need to keep pace with its rivals to win the stiff race of competition.

The US is one of the largest markets for Peruvian handicrafts as well as for products of other countries. It therefore becomes imperative to participate in trade fairs since it allows buyers, retailers and distributors to come in contact for mutual trade purposes.

Peruvian craftsmen need to realize that in order to tap the US market, need of the hour is to produce goods with a blend of beauty and tradition along with an instantly catchy functional aspect of the product.


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Giorgio Mantovani
Corman S.p.A

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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:
July 2017

July 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