Wednesday, June 8, 2011

Handicrafts exports climb 14 pc in April

PROPELLED by growing demand from the US and European markets, handicrafts exports climbed by nearly 14 per cent to touch $ 204 million in April year-on-year.

According to the Export Promotion Council for Handicrafts (EPCH) data, exports during the same period of last fiscal stood at $179.9 million.

The Council expects exports growth to continue in the current fiscal.

The EPCH Executive Director, Mr Rakesh Kumar, said he expects exports to touch $2.7 billion in 2011-12 owing to increased demand not only from the US and Europe, but also from emerging markets like the Middle East, Latin America and Africa.

The US and Europe make up for nearly 60 per cent of India's handicrafts shipments.

The maximum growth in exports was registered by the following items: wood wares (26.9 per cent), imitation jewellery (21 per cent), shawls as art (19 per cent), miscellaneous handicrafts (15 per cent) and art metal wares (13.49 per cent).

Providing employment to one million people, cities such as Moradabad, Jaipur, Saharanpur, Jodhpur and Narsapur are the major hubs catering to world markets. In 2010-11 exports jumped about 26 per cent to $ 2.3 billion compared to the earlier fiscal.

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