Export Promotion Council for Handicrafts (EPCH) today signed an agreement with Port Trade Centre, Uruguay, to provide Indian handicrafts exporters higher access to Latin American markets.
"The MoU aims to create opportunities for Indian handicraft exporters in Latin American markets through a permanent Indian bonded fair in Port Trade Centre, Uruguay for exhibiting Indian handicrafts products.
"The MoU will provide a entry point to Indian handicrafts exporters in Latin America and Uruguay would serve as a gateway to the other markets of the region," EPCH Executive Director Rakesh Kumar said.
The council is planning to set up a warehousing facility at Montevideo, Uruguay. The warehouse will help facilitate export of handicrafts in the region by developing the concept of availability of ready stock and encouraging spot orders.
There has been growth in the export of handicrafts items from India to Latin American, which stood at USD 60.40 million in 2014-15.
"As Montevideo has the free port in the South American region, the warehouse facility has very high relevance for the Indian exporters," said Kumar.
