New Delhi, Oct 12 (KNN) The Export Promotion Council for Handicrafts (EPCH) and Port Trade Centre, Uruguay have entered into an agreement to provide Indian handicrafts exporters higher access to Latin American markets.

According to a media report, a memorandum of understanding was signed with an aim to create exports opportunities for Indian handicrafts exporters in Latin American markets through a permanent Indian bonded fair for exhibiting Indian handicrafts products.

The council has undertaken various initiatives to promote the export of handicrafts in the Latin American region through participation in various trade shows, organising buyer seller meets and festivals of India.

As a result there has been growth in the export of handicrafts items from India to Latin American Region and export to the region stands at USD 60.40 Million in 2014-15, said the report.

The council is also planning to set up a warehousing facility at Montevideo, Uruguay. This will help in facilitating export of handicrafts in the region by developing the concept of availability of ready stock and encouraging spot orders. (KNN Bureau)