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Indian Handcraft Industry – Weaving EU Dreams

The European Union (EU) is quick becoming a single of the most substantial export destinations for Indian handwork, after the US. Indian handicraft units have previously made their presence felt strongly in Germany and Italy. Lucrative chances and also the rising worldwide reputation of Handicrafts In India are prompting little and medium enterprises (SMEs) in the handcraft sector to foray to the EU with their merchandise.Although the Handicrafts In India sector has witnessed a constant growth of 15% over a decade, the country’s talk about in the US $100 billion international handicrafts market place is merely 2%. The main cause for this would be the inability of Crafts In India to tap the immense possible of overseas markets including the EU. The Indian handwork sector has not been in a position to entirely capitalise within the lucrative possibilities from the European handicrafts marketAlmost 46% on the EU handicraft imports arrive from China though India accounts for only 5% from the exact same. To match the export volumes of China, Indian SMEs have stepped up their production and exports of wooden gifts and handwork towards the EU.In the past handful of years, Indian SMEs have elevated their supplies of handcraft to Germany, France, Spain, Italy along with the Netherlands. This might be largely attributed to the rise in demand of wooden gifts and handicrafts in these nations. Participating in handicraft trade fairs in the EU has helped Indian SMEs obtain an invaluable insight in the EU current market. They have also established linkages with some distinguished importers and distributors.Nevertheless, Indian handicraft exporters need to resolve troubles concerning top quality, colour, environmental friendliness of merchandise and compliance of items with EU standards and regulations to attain the loyalty of this marketplace. Diversifying their product line-up and expanding their exports and operations will also support handicraft units to capture a bigger marketplace write about inside EU.