Smriti Irani inaugurates 44th edition of IHGF-Delhi 2017
Aamir H Kaki Textiles Minister Smriti Irani on Thursday inaugurated the 44th edition of Indian Handicrafts and Gift Fair (IHGF) 2017, organised by Exports Promotion Council for Handicrafts (EPCH), at India Expo Centre and Mart in Greater Noida. In her address, she said, “I hope that the delegates who will come to attend the IHGF from over 100 countries would have more and more B2B engagements with the representatives and export houses, which are exhibiting their products at the Fair. Irani congratulated the EPCH for taking initiatives to take care of the education of children of artisans, working with the industry and export houses. “For education, 25% cost would be borne by the export house itself and 75% by the EPCH CSR activities,” ...
Rise in tourist arrivals augurs well for handicrafts sector
The Dollar Business Bureau India’s handicrafts exports are likely to cross Rs 17, 000 crore mark by the end of FY 2015-16 and Rs 21, 000 crore mark by FY 2020-21, said the Associated Chamber of Commerce and Industry (ASSOCHAM) study titled ‘Infusing vibrancy into Indian handicrafts sector’. The industry body’s Economic Research Bureau concluded this, in its sector-specific projections, on the basis of Compound Annual Growth Rate (CAGR) average of country’s handicrafts exports and world’s merchandise exports, which have grown at the rate of 5.3% and 9% respectively between 2001-02 and 2011-12. With a CAGR of about 5.3% during the 11-year period between 2001-02 and 2011-12, India’s handicrafts exports crossed Rs 12,900 crore mark in FY 2011-12. However, the share ...
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 ...
