|
|
Handicraft exports up merely by 3% in 2009-10
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 23 Apr, 2010
The exports of handicrafts including hand-knotted carpets have increased marginally by 3.05% over the year-ago period due to the global slump in demand.
This was informed by the Minister of State for Textiles, Panabaaka Lakshmi in a written reply in the Lok Sabha on Thursday.
The country’s handicrafts export contracted for 11 consecutive months since October 2008 on account of recession in India's major markets - the US and Europe - which turned positive in September 2009.
The exports during 2008-09 fell to USD 1.79 billion from USD 3.48 billion in 2007-08. Demand for Indian handicrafts like metalware, woodware, hand printed textiles and scarves, zari goods and imitation jewellery saw a massive erosion in the US and EU.
The US and the Europe together account for over 65 percent of the Indian handicrafts exports which provide jobs to one million people.
The Minister further stated that in the case of Handicrafts Sector, the measures include financial assistance for participation in fairs/exhibitions abroad; organising Indian Handicrafts and Gift Fairs twice a year; organising Thematic exhibitions, organising programmes for packaging and export procedures, organising Buyer-seller-Meet and brand image promotion of Indian Handicrafts abroad.
As far as Handloom Sector is concerned, assistance is provided under the Marketing & Export Promotion Scheme for development of exportable range of handloom products and international marketing by way of participation in international fairs and exhibitions.
Due to absence of separate ITC (HS) codes for handloom products, the export data on handlooms is not available.
The Ministry of Finance have now notified the codes for handloom products. The Directorate General of Commercial Intelligence & Statistics, Kolkata has incorporated these codes in the basket of export commodities. Therefore, the data for exports of handloom products is likely to be available in future.
In an another reply, Ms Lakshmi said that demand for cotton was primarily coming from China, Hong Kong and Bangladesh.
She also said that prices of Indian cotton (Sanker-6 variety) have increased from Rs 22,400 per candy (356 kg) in October 2009 to Rs 28,800 per candy on April 16, 2010.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
|
|
| Daily Poll |
 |
 |
| Do you think Indian businesses will be negatively affected by Trump's America First Policy? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
