Home / Knowledge / News / Textiles / Exports of handicrafts recover substantially in fy11
Exports of handicrafts recover substantially in fy11
12
Jul '10
The exports of Handicrafts, which had declined to Rs. 8183.12 crores and USD 1797.88 millions in 2008-09, had started showing signs of improvement in the later part of financial year 2009-10 and reached at Rs. 8718.94 crores and USD 1830.23 in millions. However, the percentage of improvement during the year 2009-10 was very nominal amounting to 1.80% in dollar terms and 6.55% in rupee terms. During first quarter of the year 2010-11 viz. April - June, 2010, the exports of handicrafts have recovered substantially as compared to previous year, said Mr. R.K. Malhotra, Chairman, Export Promotion Council for Handicrafts [ EPCH ].

The growth in the first three months of the current financial year has been 15.45% in rupee terms and 22.81% in dollar terms. Although the increase has been by and large in all products categories, yet the increase in case of fashion jewellery and accessories has been remarkable. Fashion jewellery and Fashion Accessories product segment constitute costume jewellery, hand printed textiles and scarves, embroided and crocheted goods, zari and zari goods, shawls, stoles, bags and purses, belts, chappals and foot wear etc. On an average the growth in the fashion jewellery and accessories segment has been around 32% during first three months of the current financial years, Mr. Malhotra added.

India 's main competitors in the world market for this segment are China, Taiwan, Korea, Philippines, Thailand and Indonesia etc. The products manufactured by competiting countries are by and large machine made and very rarely hand crafted. As against this, India enjoys edge over these competitors in terms of exclusivity in design, workmanship, finish, colors and raw material etc. Indian products are predominantly hand crafted and not machine made, said Council Chairman.

Textiles Ministry urges social and Environmental compliances by Handicrafts Exporters

Smt. Rita Menon, Secretary, Ministry of Textiles, speaking at a function organized by EPCH to facilitate producers and exporters of Fashion Jewellery and Accessories, who have made life time contribution for the development of these products lines, urged Handicrafts exporters to make compliance of social and environmental requirement laid down by the Indian and International authorities. The function was part of the Indian Fashion Jewellery and Accessories show held from 9 –11 July, 2010 at India Expo Centre & Mart, NCR, Delhi.

Smt. Menon specifically highlighted that there is a great awareness amongst importing community about the social and environmental issues and that buyers and importers particularly from the developed world like USA, Europe and Japan etc. have started insisting on various types of social and environmental compliances to be made by producers and exporters from India . These compliances are being insisted by the Indian and International Authorities. These relate to health, safety and environmental issues and also about use of hazardous and toxic material in the production of various types of products. Smt. Menon explained the need for compliance of these issues by Indian exporters so that future exports are not impacted and growth continues to be smooth and without hurdles.


Must ReadView All

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Courtesy: Messe Frankfurt

Textiles | On 27th Jul 2017

Intertextile Shanghai to see buyers from 100 countries

Suppliers from over 25 countries and trade buyers from around 100...

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

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

July 2017

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

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

Yes No

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

Yes No

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


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



X