Handicraft exports meet target for Fiscal 2012-13
Updated: Apr 13, 2013 02:54:20pm
New Delhi, Apr 13 (KNN) India's handicraft exports have met the target of USD 3.3 billion set for the 2012-13 fiscal, despite a slowdown in the European markets.
During 2011-12, these exports stood at USD 2.7 billion, according to data provided by the Export Promotion Council for Handicrafts (EPCH).
“On account of good demand from US and new markets like China, Latin America and Africa, our handicrafts exports, in 2012-13 have shown an increase of USD 599.24 million from 2.7 billion to 3.3 billion i.e. the exports increased by 22.15 per cent over the similar period in 2011-12,” said Vice-Chairman, Export Promotion Council for Handicrafts (EPCH) Arshad Mir at a press conference here.
While the US and Europe together have accounted for about 60 per cent of the country’s total handicraft shipment, the demand has still been sluggish in the Western countries.
Among the items that registered increase during 2012-13, imitation jewellery saw the highest growth of about 56 per cent, followed by shawls as art wares 55.5 per cent, wood wares 55 per cent, hand printed textiles and scarves 19 per cent.
The council expects handicraft exports to grow by 20 per cent in the current fiscal.
Significantly, the interest subsidy scheme, which was to end on March 2013, has been extended for one more year.
Besides, the council has asked for adding more products in the embellishment items benefit list, under which an exporter can import duty free raw-material. At present, the list includes just 25 items.
The handicraft sector employs about 10 lakh people. Moradabad, Jaipur, Saharanpur and Jodhpur are the major handicraft hubs in the country catering to global markets.
EPCH is the nodal export promotion body for handicrafts in India and plays an important role of a catalyst between the exporters, buyers and the government with the main objective of boosting trade in handicrafts and also to project India's image in the global market as a reliable supplier. (KNN)
During 2011-12, these exports stood at USD 2.7 billion, according to data provided by the Export Promotion Council for Handicrafts (EPCH).
“On account of good demand from US and new markets like China, Latin America and Africa, our handicrafts exports, in 2012-13 have shown an increase of USD 599.24 million from 2.7 billion to 3.3 billion i.e. the exports increased by 22.15 per cent over the similar period in 2011-12,” said Vice-Chairman, Export Promotion Council for Handicrafts (EPCH) Arshad Mir at a press conference here.
While the US and Europe together have accounted for about 60 per cent of the country’s total handicraft shipment, the demand has still been sluggish in the Western countries.
Among the items that registered increase during 2012-13, imitation jewellery saw the highest growth of about 56 per cent, followed by shawls as art wares 55.5 per cent, wood wares 55 per cent, hand printed textiles and scarves 19 per cent.
The council expects handicraft exports to grow by 20 per cent in the current fiscal.
Significantly, the interest subsidy scheme, which was to end on March 2013, has been extended for one more year.
Besides, the council has asked for adding more products in the embellishment items benefit list, under which an exporter can import duty free raw-material. At present, the list includes just 25 items.
The handicraft sector employs about 10 lakh people. Moradabad, Jaipur, Saharanpur and Jodhpur are the major handicraft hubs in the country catering to global markets.
EPCH is the nodal export promotion body for handicrafts in India and plays an important role of a catalyst between the exporters, buyers and the government with the main objective of boosting trade in handicrafts and also to project India's image in the global market as a reliable supplier. (KNN)
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