Handicraft exports up by 17.56 pc in FY 2011-12

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Saurabh Gupta | 11 Apr, 2012
India’s handicraft exports have increased by 17.56 percent to USD 2.7 billion in financial year 2011-12 over the similar period in 2010-11, informed the nodal body of handicraft exports today.

"According to the provisional data available the handicrafts have shown an increase of USD 404.14 million, from USD 2301.52 million to USD 2705.66 million, an increase of 17.56 percent in dollar terms,” Executive Director of the Export Promotion Council for Handicrafts (EPCH), Rakesh Kumar told SME Times on the sidelines of a press conference in New Delhi today.

He also said the nation’s handicraft exports have surpassed the set target of USD 2700 million for the FY 2011-12. “We have reached the USD 2705.66 million this financial year, which is slightly more than the given target,” he said.

Kumar was speaking at a press conference on Home Expo India 2012 (HEI-2012), to be held from 15-18 April at India Expo Mart, Greater Noida.

According to the data given by EPCH, the exports of Wood wares, Shawls as artwares and Immitation Jewellery have shown the highest growth of 45.86 percent, 33.38 percent and 52.75 percent respectively.

Giving credit to the government’s schemes and policies, Kumar said, "We have achieved the target is because of the government’s policies and also the aggressive marketing of our council."

"EPCH took full advantage of the government’s special scheme under MAI programme and initiated an aggressive programme of publicizing and promoting Indian handicrafts in the new markets," he added.