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Handicraft exports grow 14% in April
30
May '11
Riding on the back of rising demand from the US and European markets, handicraft exports have registered a rise of 14 percent, the Export Promotion Council for Handicrafts (EPCH) data has revealed. Handicraft exports jumped to US$ 204 million in April this year, as against US$ 179.9 million during the same period previous year.

The Council expects this rising trend to persist throughout the current fiscal. It expects that the exports would grow to US$ 2.7 billion during the period. This rise would not only be supported by rising demand from the US and European markets, but also from budding markets like Latin America, Africa and Middle East.

Around 60 percent of country's overall handicraft exports are to the US and Europe.

The items which registered maximum growth included wood wares which grew 26.9 percent, imitation jewellery with a rise of 21 percent, shawls as art wares with 19 percent rise, miscellaneous handicrafts with 15 percent, and art metal wares with 13.49 percent growth.

Jaipur, Jodhpur, Moradabad, Narsapur and Saharanpur are the main handicraft centres of India that cater to international markets, and employ around one million workers.

During the last 2010-11 fiscal year, handicraft exports grew by about 26 percent to US$ 2.3 billion, over previous fiscal.

This rise in handicraft exports is very much in sync with the rise in country's overall merchandise exports which registered the highest jump of 37.5 percent to US$ 245.9 billion during last fiscal.

Fibre2fashion News Desk - India


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