Home / Knowledge / News / Textiles / Handicraft exports witness 19% growth in May
Handicraft exports witness 19% growth in May
29
Jun '10
In the month of May this year, handicraft exports of India stood at over US $154.16 million against the corresponding period last year, recording a 19 percent growth due to the increase in demand from US.

Similarly, exports of handicrafts from India during April this year had also increased by 16 percent to $179 million as against exports worth $154.78 million during the corresponding period, last year.

As per the data from Export Promotion Council for Handicrafts, country's handicraft exports were accounted to $129.6 million during the same period last fiscal, as the demand from US was very low, owing to the economic slump.

However, US buyers are now demanding good volume of handicraft items, as they are running out of stock, said The Chairman of Export Promotion Council for Handicrafts, Raj Malhotra.

Indian handicraft exporters are focusing at new markets like Latin America, along with key markets like US and Europe. Latin American and Chinese markets have started placing orders for Indian Handicraft items, informed Malhotra.

Jewelry, wood-ware, shawls, zari and zari products and art metal-wear are among those handicraft products, which recorded maximum growth by 26 percent, 24.27 percent, 22.39 percent, 19.23 percent and 17.07 percent, respectively.

Handicraft exports witnessed positive trend in September 2009 after facing 11-month contraction since October 2008. It registered 160 percent increase in September 2009 against the same month last year.

Around 70 percent of the country's handicraft exports are sent to the US and EU markets. The key handicraft hubs of the country include Moradabad, Jaipur, Saharanpur, Jodhpur and Narsapur, which provide handicrafts to the world markets and offer livelihood to almost 1 million people.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

C Dhandayuthapani

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

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search