Handicrafts sector seeks special tech fund, industry status | Latest News India - Hindustan Times
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Handicrafts sector seeks special tech fund, industry status

PTI | ByPress Trust of India, New Delhi
Jun 28, 2004 12:33 PM IST

Facing stiff competition from China and other South-east Asian nations, the Export Promotion Council for Handicrafts has asked the Government to create a special fund for technology upgradation of handicraft units.

Facing stiff competition from China and other South-east Asian nations, the Export Promotion Council for Handicrafts has asked the Government to create a special fund for technology upgradation of handicraft units.

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In a pre-Budget and Exim policy memorandum to Commerce and Textile Ministries, EPCH chairman Navrattan Samdaria said a fund of Rs 100 crore on the pattern of Textile Upgradation Fund should be set up to help small and medium handicrafts units adopt latest technology for better finished products.

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Citing lack of mechanised production as a major hurdle in export of handicraft products, the council sought industry status for the sector. This would attract more mechanised, modern production line-up to semi-finishing stage, it said.

India has the largest handicraft workforce in the world with 80 lakh rural artisans, Samdaria said, adding India's share, however, in $106 billion world market was a mere two per cent. China's share was 16 per cent, he added.

Handicrafts exports surged 25 per cent in 2003-04 to Rs 10,465 crore from Rs 8,343 crore the previous fiscal, he noted

The council also proposed setting up a product specific Special Economic Zone, common facility centres and product processing development centres to boost handicraft exports.

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