Handicraft exports up 3% in first three quarters of 2015-16
Three e-commerce entities will operate inMaharashtra, Madhya Pradesh, Orissa, Uttar Pradesh, Tamil Nadu, Kerala and Rajasthan The Dollar Business Bureau The Ministry of Textiles has taken several initiatives to promote textile industry in the global markets and increase exports of handicrafts from the country Indias handicraft exports have grown by 3% to $2,282 million during April-December 2015 from $2,215 million during April-December 2014. The exports of handicrafts have grown by 10% in rupee terms, from Rs.13,460 crore during April-December 2014 to Rs.14,782 crore during April-December 2015, Ministry of Textiles said in a statement on Friday. Under the e-commerce policy framework for promotion of online marketing of handloom products, the Ministry of Textiles has engaged three e-commerce entities i.e. Mumbai-based Craftsvilla Handicrafts Pvt. Ltd., Bangalore-based ...
India's handicrafts exporters welcome increase in drawback duty rates
Sachin Manawaria | The Dollar Business The Jodhpur Handicraft Exporters’ Association (JHEA) has welcomed the recent increase in drawback duty, saying that it could help boost India’s overall handicrafts exports. In a recent notification, the Department of Revenue increased the drawback duty rates for agarbathi (incense), wooden frames, tableware and kitchenware of wood, wood marquetry, artware of wood, embroidery of silk, handicraft/artware of Iron & Steel, handicrafts/artware of stainless steel, handcut crystal glassware, musical instruments and lamps. The move comes after India’s handicrafts industry that is centered in Rajasthan said that returns had declined due to higher input and logistics costs. Industry representatives say that they face growing competition from countries like Indonesia and China, and the government’s ...
