New Delhi: Handicrafts exports grew by a robust 58.55% year-on-year to $41.73 million in October, 2010, on the back of increasing demand from the US and European markets, reports PTI.
Handicraft exports stood at $26.32 million in October, 2009, according to data provided by the Export Promotion Council for Handicrafts (EPCH).
"There is a good demand for handicrafts products, mainly from the US and European markets," EPCH executive director Rakesh Kumar said.
Among the items that saw maximum export growth were imitation jewellery (up 37.94%), woodware (up 33.20%) and shawls and artware (up 30.13%).
The council said the industry is hopeful of achieving the export target of $2.2 billion fixed by the government for the current fiscal.
"We expect to achieve the export target as there is a good response not only from the traditional markets, but also from new markets like Latin America and Africa," Mr Kumar said.
In the first seven months of 2010-11, the sector's exports jumped by 23.91% to $1 billion.
The US and EU together account for 70% of the country's handicraft exports.
Moradabad, Jaipur, Saharanpur and Jodhpur are the major handicraft hubs in the country catering to global markets. The sector employs about 10 lakh people.
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