India’s handicrafts exports rise by 11 percent | SupportBiz

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India’s handicrafts exports rise by 11 percent

India’s handicrafts exports have gone up by 11 percent in April 2012 as compared to the same period last year, reports Online Indian News. Data released by the Export Promotion Council for Handicrafts (EPCH) indicates that the country’s handicrafts exports were USD227 million in April 2012, as against the USD204 million in April 2011.

Rakesh Kumar, Executive Director of EPCH, stated that the exports of handicrafts have grown in spite of a sluggish demand from major markets such as the US and Europe. He stated that the rising demand for Indian handicrafts from new markets like China, West Asia and Latin America has more than balanced the situation.

The major handicrafts items whose exports went up were woodwares (a rise of 50 percent), imitation jewellery (a rise of 39 percent), shawls (a rise of 31 percent), apart from a 12 percent rise in the exports of miscellaneous handicraft products.

Kumar stated that EPCH expects handicrafts exports for 2012-13 to be around USD3.2 billion, as against the USD2.75 billion in 2011-12.

Source: Online Indian News


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