India: Export earnings from handicrafts rise in July-April

The export earnings from handicrafts witnessed uptrend during the July-April period of the current fiscal year totaling $17.16 million which is 21.88 percent higher than the same period of the previous fiscal year, reports BSS.

Photo: Balaji Malliswamy
Photo: Balaji Malliswamy

The 10-month export earnings from handicrafts were also 16.5 percent higher than the strategic target of $14.73 million.

Industry insiders said there are huge potentials of handicrafts in the country as skilled workforce is available here with low fund. For this, a huge quantity of handicraft products are being exported abroad every year after meeting the local demand and thus new entrepreneurs are being created in the country.

According to the data of the Bangladesh Export Promotion Bureau (EPB), the export earnings from handicrafts during the July-April period of the last fiscal year notched $14.08 million while the handicrafts export during the last fiscal year totaled $16.69 million.

But, the 10-month export earnings in this fiscal year already totaled $ 17.16 million which is a sign of higher growth rate in handicrafts, said owners of the handicraft industries.

Author: Daily Sun