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: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

March 2017

March 2017

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


Browse Our Archives


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