Handicraft exports see 8.46 per cent increase in 2015-16
Textiles Committee has been asked to evolve a rating scheme for standardisation of handmade carpet manufacturing units, said Textiles Minister Smriti Irani.
India’s handicraft exports have increased by more than 8 per cent during the last fiscal, touching nearly Rs 31,000 crore, Textiles Minister Smriti Irani said in Lok Sabha on Thursday.
“According to the provisional data available, the exports of handicrafts have shown an increase of Rs 2,414.79 crore from Rs 28,524.48 crore to Rs 30,939.27 crore — an increase of 8.46 per cent in rupees term in 2015-16 as compared to previous year,” she said. Replying to questions, Irani said a proposal for creation of e-marketing platform under marketing support and service scheme has also been received from export promotion council for handicrafts in order to facilitate buyers and sellers to procure/sell as well as to promote products categories both in domestic as well as international markets online.
The proposal was deficient in some inputs, therefore same has been sought from export promotion council for handicrafts, she said. The minister said Central Cottage Industries Corporation and Handloom and Handicrafts Export Corporation have undertaken digital marketing.
Several state handicrafts corporations are also selling their products through digital marketing. The Minister said handicraft sector is an unorganised sector with unique identity for each craft. The government is contemplating to launch a voluntary scheme for rendering quality and authenticity of handicrafts products with a view to differentiate genuine and socially – environmentally compliant handicrafts products.
In addition, Textiles Committee has been asked to evolve a rating scheme for standardisation of handmade carpet manufacturing units, she said. Irani said to develop and promote this sector, Ministry of Textiles is implementing various schemes with cluster and mega cluster level approach.
India's steel exports register three-fold increase in January
In January, India’s export of steel saw a three-fold increase to 0.889 million tonne (YoY). While in January 2016 the exports stood at 0.274 million tonne.
The huge increase in export is mainly due to the government’s support given out to the domestic steel industry via many trade remedial measures, including anti-dumping policies.
In the current fiscal, the country exported 5.865 million tonne, registering an increase of 71%.
India’s imports in January 2017 stood at 0.602 million tonne which were down by 41.7% as compared to January 2016; and by 21 over December 2016.
Consumption of total finished steel increased by 3.5% in April-January 2016-17, standing at 68.892 million tonne over the same period of FY16.
In January 2017, the crude steel production was at 8.367 million tonne, up by 11.5% over January 2016, and declined by 0.4% as compared to December 2016.
Indian exports rise 4.25% in February
Imports rise 2.6% to $41.2 billion, leaving trade deficit of $14.9 billion; oil imports expand 15.45% to $15.1 billion.
Rupee climbs 5 paise
NEW DELHI: The rupee on Friday made a quiet start, up 5 paise, at 68.61 against the dollar.