Handicraft exports up 35 pc in October: EPCH

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SME Times News Bureau | 16 Nov, 2013
Handicraft exports grew about 35 percent to USD 112.6 million in October, on back of rising demand in western markets like US and Europe, reports media.

"With the revival in western markets, exporters are getting more orders from traditional markets like the US and Europe. Also, there is a good demand in emerging markets like China, Latin America and Africa," EPCH Executive Director Rakesh Kumar said.

In October last year, these exports stood at USD 83.48 million, according to the data provided by the nodal agency for promotion of exports of handicrafts products, Export Promotion Council for Handicrafts (EPCH).

The US and Europe together account for about 60 percent of the country's total handicraft shipments.

During April--October 2013, the exports of handcrafted items grew about 12 percent to USD 1.67 billion compared to the same period last fiscal.

The country's total handicraft exports have met the target of USD 3.3 billion for 2012--13.

The handicraft sector employs one million people. Moradabad, Jaipur, Saharanpur and Jodhpur are the major handicraft hubs in the country catering to global markets.