Handicraft fair reaps benefits of US' China policy

Noida | Friday | 19th October, 2018

Summary:

"The US government's policy against China led to more US buyers showing interests in other countries. Others who visited the five-day fair include Anoop Chandra Pandey UP chief secretary and B N Singh, district magistrate Gautam Budh Nagar. While exports during 2017-18 amounted to Rs 23,029 crore, the export revenue in the first six months of the current financial year stands at Rs 12,953 crore. "It's an overall increase of 6.58 per cent from the previous year," said O P Prahladka, chairman, Export Promotion Council for Handicrafts (EPCH) and the organiser of the IHGF. GREATER NOIDA: Trade deals to the tune of Rs 3,300 crore were finalised at the 46th edition of the Indian Handicraft and Gifts Fair that concluded at the India Expo Centre and Mart in Greater Noida on Thursday.The profit earned this year was 8 per cent greater than last year's Rs 3,100 crore.The five-day business-to-business fair that began from October 14 witnessed two new major developments - Vietnam and Cambodia replacing China as the main competitor for the US and rupee devaluation leading to more bulk orders for domestic exhibitors and distributors..