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As part of its ongoing commitment to the Indian Handicrafts sector, Export Promotion Council for Handicrafts (EPCH) is organizing a three-day Indian Handicrafts & Gifts Sourcing Summit, which is being attended by over 550 participants, covering various aspects of the trade and industry, started at the India Expo Centre & Mart, Greater Noida, from Thursday.

The exports of handicrafts including hand-knotted carpets have increased marginally by 3.05% over the year-ago period due to the global slump in demand.

The nation's handicrafts exports have shown an impressive growth of over 60 percent in February due to growing demand for items in major global markets including the US and Europe.

Indian handicraft exporters are facing dearth in labour force, at a time when they are getting fresh orders due to increase in the demands for Indian-produced handicrafts in the Western markets, particularly due to the coming Christmas.

The financial storm in Eurozone has certainly been a double whammy for the Indian handicraft exporters as they have been just beginning to heal the injuries of the global crisis that hurted exporters dearly.

Export of handicrafts continued to grow at the rate of 17%, though many sectors witnessed a drop in exports of Indian products to world markets, said Rashmi Verma, Textiles Secretary.