The newest buzz in the Indian handicrafts market is about the latest revelation that, the handicraft commerce stands at $100 billion worldwide and India has just 1.2% of this market. Rubbing the saline on the cuts is another detail that, China, Indonesia and Vietnam are the large-scale three exporters of handicrafts, over the globe.
Even though Indian handicrafts commerce is displaying indications of enhancement (the first half of the present economic year was $1.07 billion, about 24 per cent up from $864 million accomplished in the first half of last year), the issue of detail is - it is still miles away from the coveted peak 3 slots. Union Textiles Minister Dayanidhi Maran lately broadcast that his Ministry would give peak main concern to put simultaneously designs and other plans to encourage trading of handicrafts and handloom products. His ministry has set an trade items goal of $2.2 billion, solely for handicrafts segment.
Many little exporters, owe their under presentation to three major factors: unavailability of data considering market claims, their little dimensions and use of obsolete mechanism /technology.
India has numerous USPs to assist it become one of the foremost exporters globally.These components are
* Easy accessibility of work, that too at a bargain price.
* Easy accessibility of raw materials.
* High household consumption.
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