Market for Indian Handicrafts
Vol. I
No.1
Excel Journal of Engineering Technology and Management Science December-January 2012
ISSN 2249-9032
MARKET FOR INDIAN HANDICRAFTS
* Syed Khalid Hashmi Assistant Professor, Millennium Institute of Management, Aurangabad
INTRODUCTION India is one of the important suppliers of handicrafts to the world market. The Indian handicrafts industry is highly labour intensive cottage based industry and decentralized, being spread all over the country in rural and urban areas. Numerous artisans are engaged in crafts work on part-time basis. The industry provides employment to over six million artisans who include a large number of women and people belonging to the weaker sections of the society. The Handicrafts Sector plays a significant & important role in the country’s economy. It provides employment to a vast segment of craft persons in rural & semi urban areas and generates substantial foreign exchange for the country, while preserving its cultural heritage. Handicrafts have great potential, as they hold the key for sustaining not only the existing set of millions of artisans spread over length and breadth of the country, but also for the increasingly large number of new entrants in the crafts activity. Presently, handicrafts contribute substantially to employment generation and exports.The Handicraft sector has, however, suffered due to its being unorganized, with the additional constraints of lack of education, low capital, and poor exposure to new technologies, absence of market intelligence, and a poor institutional framework. In spite of these constraints, sector has witnessed a significant growth of 3 % annually. In addition to the high potential for employment, the sector is economically important from the point of low capital investment, high ratio of value addition, and high potential for export and foreign exchange earnings for the country. AIM The paper seeks to highlight the importance of Indian Handicrafts Industry as a contributor
No.1
Excel Journal of Engineering Technology and Management Science December-January 2012
ISSN 2249-9032
MARKET FOR INDIAN HANDICRAFTS
* Syed Khalid Hashmi Assistant Professor, Millennium Institute of Management, Aurangabad
INTRODUCTION India is one of the important suppliers of handicrafts to the world market. The Indian handicrafts industry is highly labour intensive cottage based industry and decentralized, being spread all over the country in rural and urban areas. Numerous artisans are engaged in crafts work on part-time basis. The industry provides employment to over six million artisans who include a large number of women and people belonging to the weaker sections of the society. The Handicrafts Sector plays a significant & important role in the country’s economy. It provides employment to a vast segment of craft persons in rural & semi urban areas and generates substantial foreign exchange for the country, while preserving its cultural heritage. Handicrafts have great potential, as they hold the key for sustaining not only the existing set of millions of artisans spread over length and breadth of the country, but also for the increasingly large number of new entrants in the crafts activity. Presently, handicrafts contribute substantially to employment generation and exports.The Handicraft sector has, however, suffered due to its being unorganized, with the additional constraints of lack of education, low capital, and poor exposure to new technologies, absence of market intelligence, and a poor institutional framework. In spite of these constraints, sector has witnessed a significant growth of 3 % annually. In addition to the high potential for employment, the sector is economically important from the point of low capital investment, high ratio of value addition, and high potential for export and foreign exchange earnings for the country. AIM The paper seeks to highlight the importance of Indian Handicrafts Industry as a contributor
References: 1. http://www.indianhandicraftexporter.com/handicraft-stat.htm 2. www.indiahandicraftstore.com/ 3. http://www.indiamart.com/unique-handicrafts-delhi/ 4. www.texmin.nic.in/.../Outcome_Budget_10_11_b_and_a_section_20. 5. http://www.craftsofindia.com/ 6. Handmade in India: A Geographic Encyclopedia of India Handicrafts [Hardcover] 7. Aditi Ranjan (Editor), M. P. Ranjan(Editor) Page 7