Home / Knowledge / News / Textiles / Stimulus packages prevented decline of handicrafts exports
Stimulus packages prevented decline of handicrafts exports
10
Feb '10
The two stimulus packages announced by the Government in December 2008 and January 2009 for providing relief to the exporters , has helped preventing the decline in exports of Handicrafts. As per latest exports data, handicrafts exports grew by 11% in January 2010 as compared to the corresponding period of last year . Thiru. Dayanidhi Maran said this, while addressing the Consultative Committee of Members of Parliament attached to Textiles Ministry.

Thiru. Maran said that the stimulus packages through enabling policy support include: (i) inclusion of all handicrafts items under Vishesh Krishi and Gramaudyog Yojana with incentive of 5% Duty Credit Scrip on FOB value of exports, (ii) an interest subvention (i.e., discount) of 2% on Pre-and Post Shipment Export Credit for five labour intensive sectors including handicrafts, (iii) additional funds for exports incentive schemes and (iv) Government back up guarantee for exports through Export Credit Guarantee Cover of Rs. 350 crore.

The Minister said that in addition to the above incentives , all Handicraft items have been included as Special Focus Products in the Foreign Trade Policy 2009-14 and Jaipur, Srinagar and Anantnag have been given the status of Towns of Exports Excellence to boost Handicrafts exports from these handicraft clusters.

With a view to provide technology, design and marketing support to boost production, Thiru. Maran said that a theme based cluster approach has also been launched in five areas like needle craft, natural fibre, tribal craft, festive decoration and Fashion accessories. The Ministry has proposed to extend the Scheme of Mega Clusters to carpet producing areas of Mirzapur, Bhadohi and Srinagar to boost the exports of carpets, in which the India is the market leader with a share of 30% in global trade, said the Textiles Minister.

Recognising the importance of marketing to enable the artisans to sell their products , Thiru Maran said priority has been accorded by the ministry to provide marketing support to handcrafted products to popularize them . In this regards , the O/o Development Commissioner (Handicrafts) has introduced Gandhi Shilp Bazaar throughout the country, where marketing events are organized in some part or other of the country every day. The Ministry has decided that henceforth Gandhi Shilp Bazaar will be organized in Metro cities every day to showcase the handcrafted products and boost the income of artisans, and calendar of Shilp Bazaar for the financial year 2010-11 will be released very soon, said the Minister. An International Craft Complex is being set up at Vasant Kunj, New Delhi to provide marketing outlets to artisans and for the first time a theme based sourcing show is being organized at Jodhpur in March 2010 to showcase furniture items, said the Minister. 10 Design Banks, 14 Handicrafts Museums and 23 State Initiated Design Centers have been sanctioned throughout the country.


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

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

Judy Frater
Somaiya Kala Vidya

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Tony Ward
Tony Ward

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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