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2011-08-05

Handicraft export up by 29 per cent

Increase in demand of handicrafts is fueling exports

The handicrafts exports have jumped by about 29 percent year-on-year to USD 155 million in July, according to Export Promotion Council for Handicrafts (EPCH).

On the account of growing demand from western markets and from new markets like Middle East and Latin America, the exports stood at USD 120 million in July last fiscal, said council in statement.

"Besides good demand from the US and Europe, there is an increase in orders from new markets like Africa, Latin America and Middle East,"the council further said.

During April-March 2010-11, handicrafts shipments jumped about 26 percent to USD 2.3 billion as compared to the previous fiscal.

US and Europe are the major markets of the country taking a share of 60 percent in the country's total handicrafts shipments.

During April-July 2011-12, the handicrafts exports grew by 20.5 percent to USD 711 million year-on-year.

Among items that registered the maximum growth in exports were woodwares, which increased 52.8 percent in July, followed by shawls as artwares which rose by about 49 percent, imitation jewellery which gained 42 percent and miscellaneous handicrafts which rose by 32 percent.

The council expects the exports to touch USD 2.7 billion in the next fiscal.

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