The most recent buzz in the Indian handicrafts marketplace
is about the fresh revelation that, the handicraft business stands at $100
billion worldwide and India has just 1.2% of this marketplace. Friction the
salt on the wounds is a further verity that, China, Indonesia and Vietnam are
the major three exporters of handicrafts, across the globe.
Even though Indian handicrafts business is showing signs of enhancement
(the first half of the current financial year was $1.07 billion, about 24 per
cent up from $864 million achieved in the initial half of last year), the stuff
of fact is - it is motionless miles away from the coveted top 3 slots. Union
Textiles Minister Dayanidhi Maran newly announced that his department would
give top priority to put jointly schemes and other initiatives to encourage
marketing of handicrafts products. His ministry has located an export target of
$2.2 billion, exclusively for handicrafts section.
Slowly but steadily things are civilizing in the Indian
handicrafts segment. With the transformed interest from the present government,
the Indian handicrafts industry seems to be glowing on its way to quick
recovery. Business too has started taking eager awareness in the handicraft zone
which would further speed up its growth. Many handicrafts exporters are also
using online medium as a sharing channel for beating the western market. Confidently
in the times to come, Indian Handicrafts Exporters would be capable to script
one of the extraordinary victory stories of all times.
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