Home / Knowledge / News / Textiles / India's handicraft exports rise 5.3% in August 2013
India's handicraft exports rise 5.3% in August 2013
17
Sep '13
India’s exports of handicrafts grew by 5.3 percent year-on-year to US$ 523 million in the month of August 2013.
 
According to the data released by Export Promotion Council for Handicrafts (EPCH), the exports of handicrafts stood at US$ 497 million during the same period last year, reports the Hindu Business Line quoting PTI.
 
Rakesh Kumar, executive director of EPCH, said the demand for handicraft products has been rising mainly in emerging markets like China, Latin America and Africa.
 
The demand in US market is continuously picking up but demand in the European markets still remains sluggish, he added.
 
US and Europe together account for 60 percent of India’s total exports of handicraft products.
 
Ravi Passi, Founder of RK Arts and former chairman of EPCH, said Indian exporters are likely to be benefited from China’s decision to focus more on capital-intensive sectors than labor-intensive ones, and this will provide an opportunity for Indian exporters to increase the share of handicraft products in the global market.
 
In April-August 2013 period, the exports of handicraft items from India grew by 11 percent to US$ 1.41 billion compared to the same period last fiscal.
 
Last fiscal, India achieved its handicraft export target of US$ 3.3 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Oct 2021

China's FDI inflow up by 19.6% in first 9 months of 2021

Foreign direct investment (FDI) into the Chinese mainland, in actual...

Pic: Ministry of Industry and Trade Web Portal

Textiles | On 21st Oct 2021

Vietnam, Singapore should optimise FTAs to boost cooperation: Minister

Vietnam and Singapore should further optimise free trade agreements...

Pic: DOST-PTRI Research and Development

Textiles | On 20th Oct 2021

Philippines scientists develop greener tech to produce bamboo fibres

Scientists in Philippines have developed greener technologies to...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

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

Leave your Comments


October 2021

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


Advanced Search