Despite economic uncertainty in global market, India’s handicraft exports has increased by 22.15 per cent to $3.30 billion in 2012-13 owing to strong demand from the US, Europe, Australia and Latin America.
Over the last few years, Indian export-oriented businesses have been struggling very badly.
India's exports increased by 4.25 percent to $26.26 billion in February, registering positive growth for the second straight month, on the back of revival of demands in Europe, government data showed Monday.
In an exclusive interaction with SupportBiz, V Laxmikanth, Managing Director, Broadridge Financial Solutions, shared his expectations for the Indian finance sector from the Union Budget 2013.
The incandescent bulb manufacturing industry in Patna, Bihar, is all set to export its products to western countries. The industry already exports its products to various Asian countries.
Lack of trust among the manufacturers in the auto parts industry in the Jamshedpur district of Jharkhand is hampering the smooth running of the industry. Most of the manufacturers in the industry do not trust each other and refuse to co-ordinate with other industrialists.
The black pottery industry in Nizamabad, Uttar Pradesh, has helped considerably in the growth of the state. It is one of the fastest growing industries in Uttar Pradesh, contributing significantly to the state's revenue, according to local manufacturers.
The availability of Chinese products is adversely affecting the sports goods industry in Meerut, Uttar Pradesh.
The surgical instruments manufacturing industry in Baruipur, West Bengal, is losing out in the domestic as well as the international market, according to local manufacturers.
The increased use of Compact Fluorescent Light (CFL) lamps and LED lamps has affected the incandescent lamp manufacturing industry in West Bengal’s Beliaghata town. There is a dire need to undertake steps to improve the growth of the industry, according to manufacturers.