Monday, November 29, 1999

Greater Noida to host fashion jewellery fair

News posted by www.newsinfoline.com

New Delhi, July 7 (PTI) With the revival of demand in western economies, over 350 buyers from countries like the US, and UK are likely to visit the Indian Fashion Jewellery and Accessories fair in Greater Noida near here. The three-day fair will kick start from July 9. "There is need to make vigorous efforts to increase the export of fashion jewellery and accessories from India, which as of now is negligible," Chairman of Exports Promotion Council for Handicrafts (EPCH) Raj Kumar Malhotra said here today. EPCH, the organiser of the fair, added that the extravaganza is expected to attract about 350 buyers and 150 agents of major global retailers. Canada, France, Germany, Italy, the US and UK are among the leading consumers of such items. He said the fete is an important part of EPCH''s marketing strategy to promote and expand horizons of key verticals of the handicraft industry. Global market for costume jewellery and accessories is estimated at USD 16.3 billion. India''s exports are a meagre USD 53 million. IFJAS will offer product like costumes jewellery, semi-precious fashion jewellery, hand bags and embroidered accessories, he said. The recovery in western economies would help Indian exports, which expanded even during the recession. These exports were up 12 per cent in 2009-10 over the previous year. India has not been able to exploit the global market for handicraft items despite existence of production base in different parts of the country and about six million craft persons. The total handicrafts exports in 2009-10 were USD 1.83 billion in the last fiscal, up about 2 per cent over 2008-09. PTI NKD.

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