Key Markets and Export Destinations
Handicraft export from India decreased 3.35 per cent y-o-y during 2019-20 to reach US$ 3.53 billion. During this period, export of various segments stood as below:
- woodwares at US$ 761.02 million
- embroidered & crocheted goods at US$ 578.26 million
- miscellaneous handicrafts at US$ 1,003.57 million
- handprinted textiles and scarves at US$ 336.49 million
- imitation jewellery at US$ 220.97 million
- artmetal wares at US$ 452.22 million
Indian handicrafts are exported across geographies, with the top 10 destinations being the US, the UK, the UAE, Germany, France, Latin American countries (LAC), Italy, the Netherlands, Canada and Australia.
Recent Developments
Government of India increased incentive rates under the Merchandise Export from India scheme (MEIS) to seven per cent from five per cent for handicraft items which will help exporters to recover the input costs involved in the production of handicrafts and will lead to competitive pricing and boost export.
Export Promotion Council for Handicrafts
The Export Promotion Council for Handicrafts (EPCH) is the apex Government body and operates under the administrative control of the Ministry of Textiles, Government of India. EPCH has the distinction of being considered a ‘model council’, a self-sustaining body that self-finances all its promotional activities.
Handicraft exports from India increased by almost 2 per cent year-on-year to US$ 3.39 billion in FY20 (till February 2020).
Source:
Export Promotion Council for Handicrafts (EPCH)
No comments:
Post a Comment