Handicrafts Exporters Have High Hopes From 2011
This week while tracking the growth of Indian handicraft industry, I came across two important news stories and one interesting phrase. The first story highlighted that the handicraft industry over exceeded its annual target and is now among the quickest sectors to move out of recession. The target of 990 million dollars was surpassed convincingly as this year's handicrafts exports turnover was around 1024 million dollars. Quite understandably, the government of India, too has revised the handicrafts export target upwards for the current fiscal .
The second story which caught my attention was that the Indian government is all set to provide more incentives to some of the "not to strong" sectors including the handicrafts industry. Even though the handicraft sector did achieve its target, it still remains one of the most fragile sectors wherein the growth is not comprehensive or stable. Sources say, the measures will be announced in the mid of January.
An industry-wide performance analysis done by the Government of India has revealed that labour intensive sectors such as apparel and handicrafts, need additional measures for growth consolidation before they could become self sustainable in the long run.
All this drives across one point that the current Indian government is quite serious about the issues of small to mid level industries and is taking up aggressive measures to address their concerns.
As of now, the value of Indian handicraft exports is not very significant, however, it still remains one of the big source of employment. The US continues to remain the largest market for Indian handicraft exporters, followed by the UK. The US and EU together account for 70 per cent of the total handicrafts exports from India.
The Indian handicrafts exports were hit hard due to the global economic slowdown. Almost after 11 months of gloom, exports turned positive from September 2009. In all fairness, we can say that, by the end of 2010 the handicraft industry is poised for some serious growth and position itself as an important player in the world market.
At the start of this blog I also talked about an interesting phrase; here it is 'Hammocks to Switzerland, pottery to Greece'. This seems to be the new mantra adopted by Indian handicrafts exporters, which loosely means exporting Indian crafts to newer destinations.
There is something about the end of December that gives everyone a ray of hope that the next year may change their fortune for good. With all the measures that have been announced or are yet to be announced, handicrafts exporters expect better and more profitable 2011.
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Rajasthan Celluloid Industries (Garba Creations) is one of the best Exporter / Dealer of Indian Bangles in Rajasthan(India).These bangles are available with the bold flashes of color in eye - catching designs.The company brings together the ultra modern machines and the artisans to give an unsurpassed range of bangles to its customers.
India is also known in the international market as leading exporter and manufacturer if Indian handicrafts. Indian textiles, Indian decorative items, Indian made handicraft, textiles, floor coverings and leather products. The Indian handicrafts industry is highly labour intensive cottage based industry and decentralized, being spread all over the country in rural and urban areas.
Informational article for Indian Handicrafts Exporters
"We were told that nearly 1 lakh tourists will arrive apart from the athletes and officials which could have given our business a huge boost, however, now that the event itself is in the danger of being called off, all the plans and expectations of better business have gone for a toss." says one of the handicrafts manufactures.
The Indian economy has grown substantially with the increase in the exports of the country. The Indian exporters have elevated the exports of the country to an international level with the help of various business platforms.
Handicraft is an art form which is practiced for the financial support of human being, one of them is preparing bamboo handicrafts. It has always been an integral part of Indian art form which is being carrying forward from traditional to modern scenario. These handicrafts are being extensively used to make a huge variety of decorative items which are most appreciated and acknowledged due to it's creative artwork as well as unique design work.
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