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40th edition of handicrafts and gifts fair IHGF ends

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Press Trust of India Greater Noida
Last Updated : Oct 18 2015 | 10:42 PM IST
The 40th edition of handicrafts and gifts fair IHGF ended here today with the participation of over 7,300 trade visitors, including international buyers.
The four-day fair, organised by Export Promotion Council for Handicrafts, saw around 2,750 exhibitors participating to showcase their home, lifestyle and fashion products.
"Over 7,300 trade visitors, including international buyers, buying agents, domestic volume retailers, took part making it the world's largest fair of Indian handicrafts, home, lifestyles and fashion products," EPCH Executive Director Rakesh Kumar said.
"Business enquiries worth Rs 2,700 crore have been generated," according to a Ministry of Textiles release.
Overseas buyers came from over 110 countries including the USA, the UK, Switzerland, Spain, Sweden, Argentina, Brazil, Colombia, Chile, Peru, Algeria, Austria and Australia.
More than 1,600 types of products were displayed by over 2,700 exhibitors.
"Handicrafts export has been growing steadily during the last decade. In 2014-15, it grew by 7.96 per cent in rupee terms and 6.82 per cent in dollar terms and touched Rs 18,639.14 crore. Despite the overall slump in exports of various commodities, the export of handicrafts in the first six months of 2015-16 stood at Rs 9108.41 crore registering a growth of 9.92 per cent in rupee terms," Kumar said.

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First Published: Oct 18 2015 | 10:42 PM IST

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