Handicrafts sector has to focus on new markets of CIS and China. At present, the US is the largest market. About 26.31 per cent of the total exports is to the US. European Union constitute 39.70 per cent of the total exports. It is important to focus new and emerging markets such as CIS, China and Japan, said Shri Santosh Gangwar, Minister for Textile while inaugurating the world’s biggest handicraft fair IHGF in Greater NOIDA. Overseas buyers from 57 countries are sourcing from this fair. The fair is being organized by the Export Promotion Council for Handicrafts (EPCH).
Shri Gangwar said that Handicrafts sector is one of the largest sector after agriculture in providing employment to more than 7 million artisans and crafts persons who are the backbone of this sector. Government and exporting community needs to work together for the promotion of this sector.
Handicrafts exports have been growing on an average annual growth rate of 15% during the last decade. However, the growth during the current year was 30.80% in rupee terms and 17.55% in dollars terms as compared to previous year. The export of handicrafts during the year 2013-14 was Rs. 23,504.42 crore.