Have you ever wondered why India is so renowned for its craftsmanship? Well, we are here referring to a nation of fine craftsmen who possess the dexterity to include minor felicities in their pieces of art. The handicrafts sector is having a hold of great degree of magnitude to the Indian economy’s GDP as it is one of the prime employment generators and account for a significant share in the country’s exports. The multiple sectors in the nation contribute notably to the handicrafts production. The Indian handicrafts industry is constituted of more than six million artists and over 70,000 export houses promoting craftsmanship in the global markets.
Handicrafts produced by India are having a reach to various markets of manifold nations, top 5 destinations being the US, the UK, the UAE, Germany and France.
The statistical data of production in 2020 is as follows: (the figures are a carefully approximated)
- Wood wares at $ 400million
- Embroidered & crocheted goods at $ 300million
- Other Assorted handicrafts at $ 500 million
- Hand printed textiles at $ 150 million
- Imitation jewellery at $ 90 million
- Art metal wares at $ 250 million
Furthermore you would also be amazed to know that the Government of India increased incentive rates under the commodities Export from India scheme (MEIS) to 7% for handicraft items. The same is highly likely to boost the surplus and would help exporters to recover the cost of production at an ease.
How does supplier4buyer contribute to the Handicrafts industry?
Supplier4buyer is India’s leading B2B e-commerce website, listed in the India exporters directory. The same is successfully connecting millions of verified suppliers and Indian manufacturers to the best buyer in the market. It is currently dealing in the goods offered by 27 distinct industries, one of which is of the Handicrafts and Decorative.
Following is a reference list containing few of the multifarious assortments that the B2B portal is offering:
- Which B2B Portal can help me to find verified manufacturers & suppliers?
- Genuine Buyers to sell your business products
- Why Should One Get Listed With the B2B Portal of Supplier4buyer?
- What Are the Best Ways to Market Your Business Online?
- How to Become the No. 1 B2B Portal in India?Grow Your Business in the B2B Industry