Home / Knowledge / News / Textiles / A growth-oriented budget for handicrafts sector, EPCH Chairman
A growth-oriented budget for handicrafts sector, EPCH Chairman
Feb '11
Welcoming the Union Budget 2011-12 announced by Union Finance Minister Pranab Mukherjee here, Mr. Raj Kumar Malhotra, Chairman, Export Promotion Council for Handicrafts (EPCH) termed the Budget as growth-oriented with a vision for achieving higher growth, better infrastructure, focus on agriculture and an overall push for the ongoing reforms.

In his reaction, Mr. Malhotra said that the handicrafts sector has been given recognition in the Union Budget with the following initiatives being taken for the sector:

-- Inclusion of Jodhpur for the development of a handicraft mega cluster. Since Jodhpur is one of the major handicrafts clusters, this initiative would help increase the production and exports of wooden handicrafts and other allied products from the region.

-- Reduction in basic customs duty on bamboo for agarbatti from 30 per cent to 10 per cent. It is an important incentive for the agarbatti exporters since this would reduce the input cost for the exporters.

-- In order to quicken the clearance of the cargo by Customs authorities and further modernize the customs administration, a self assessment by the importer and exporters while filing their declaration in the EDI system has been introduced.

EPCH Chairman further said that “I am hopeful that such an initiative would help the exporters in a big way and the Council, in totality, is satisfied with this growth-oriented Budget which focuses on the long term competiveness of economy and exports.”

Export Promotion Council for Handicrafts

Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sonia Agarwal

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

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Marcel Alberts

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

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

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

Pranav Mishra

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...

Yash P. Kotak
Bombay Hemp Company

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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

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