Home / Knowledge / News / Textiles / Handicraft exports fall by 50% in three years
Handicraft exports fall by 50% in three years
12
Jun '10
According to an official from the Export Promotion Council of Handicrafts (EPCH), handicraft exports from India witnessed a steep plunge of about 50 percent since the year 2006-07, the year when exports of handicrafts stood at $3811.26 million.

However, in the fiscal 2009-10 these exports dropped down steeply to $1830.23 million, recording a fall of 49.57 percent. Handicraft market of the country is in tight spot, since global financial crisis, as the demand for handicraft items decreased widely from US and European markets, said EPCH Executive Director, Rakesh Kumar.

Therefore, handicraft exporters of the country are looking for alternative markets such as South America, South Africa, Chile to diversify and perk up their businesses as demand for handicrafts is good in these countries, informed Kumar, further adding that, these destinations have the potential, which was not tapped and explored earlier.

The small and medium enterprises, which are the key enterprises of country's handicraft sector, have been experiencing negative business growth since year 2007, due to the drastic impact of global financial crisis, he said.

In the year 2007-08, handicrafts export decreased by 8.66 percent and in 2008-09 it again tumbled down by 48.35 percent. However, during 2009-10, these exports witnessed a meager increase of 1.8 percent.

Fibre2Fashion News Desk - India

Must ReadView All

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Courtesy: IUCN

Apparel/Garments | On 23rd Feb 2017

Synthetic clothes should shed fewer fibres: IUCN report

Synthetic clothes should be designed in a manner that it will shed...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Manfred Mentges
Sedo Treepoint GmbH

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

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

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

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 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search