HEPC forecasts handloom exports to surpass Rs 4000 crore
25 May '05
2 min read
handloom export promotion council (hepc), body of the ministry of textiles has aimed to cross rs 4,000cr exports by the end of this year, which is 25 % higher than previous year.
the value of cotton handloom products export during 2001-02 was rs 2,064.94 crore, in 2002-03, it was rs 2,633.27 crore, as per hepc.
shahkarsinh vaghela, union minister of textiles stated that the export potential for the handloom sector is huge. i am very confident that the indian handloom through fabric, design, technological and product improvisation, sustained market penetration along with appropriate product positioning will be able to meet the challenges of post-mfa (multi fibre agreement) regime.
m sivakkannan, chairman, handloom export promotion council said “, we are planning to appoint marketing consultants having good contacts with textile trade, particularly for household textiles, home furnishing and dres materials among others.”
it the first ever happened that the cotton handloom exports of fabrics and made-ups have exceed $500mn.
looking at the product categories, export of cotton handloom fabrics has registered a growth of 67.32 per cent, while made-ups has increased by 12.49 per cent.
“the handloom sector is the second largest employment generator in the country after agriculture, giving employment to almost 65 lakh persons. as such, it is an extremely important sector, which needs to be looking after, as it is generally rural based. indian handloom have created their own image in the fashion markets in india and abroad due to their excellent designs and exquisite weaves,” informed b k sinha, development commissioner, handloom, ministry of textiles. al based. indian handloom have created their own image in the fashion markets in india and abroad due to their excellent designs and exquisite weaves,” informed b k sinha, development commissioner, handloom, ministry of textiles.
the us and the eu are the key markets for indian handloom products, and accounts nearly 70 % of the handloom exports.
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