Indian handicrafts fair a boon for SME traders

HARARE - With a massive human resource base anchored on a population now topping 1,3 billion, 25 million small-to-medium enterprises and an economy set to be among the top five by 2050, India is hedging its growth on its unsung heroes and heroines.

India’s home and handmade wares are making waves across the globe and as testament to this; some 5 000 buyers went through the Indian Handicrafts and Gifts Fair that concluded on Monday with elated officials declaring it a resounding success.

Rakesh Kumar Verma, director of the Export Promotion Council (Epch) for Handicrafts in India told the Daily News in an interview at the conclusion of the fair that authorities were satisfied with returns from the business expo.

“We are delighted with how the show went and the financial deals are encouraging. So far the update we have received is that deals totalling some $150 million have been struck.

“I need to say these are deals being made with people some of whom are coming from very remote parts of India. We have given them an opportunity to interact with very high profile business people from different countries. Their lives will never be the same again,” Verma said.

He said India will work hard to expand its handicrafts market to Africa and other parts of the world.

“We will continue to find ways of growing the fair and taking it to other parts of the globe particularly Latin America, South East Asia and Africa where our presence is not so pronounced. You will remember we had a mini-fair in Harare late last year and as I already indicated we are working on the modalities of a bigger trade show in Zimbabwe.

“That should grow markets and synergies for our handicrafts not only in Zimbabwe but in Africa,” said Verma.

The fair showcased wares that are indigenous to Indians whose knowledge, according to Verma has been passed from generation to generation.

“Government has realised our youths are losing interest in our culture and the activities that culminate in the goods you are seeing here. Hence we have taken a deliberate stance to provide support and incentives that should reverse the situation and make sure Indian art does not die,” he said.

According to authorities in India, the country’s micro, small and medium enterprise (MSME) sectors contributes significantly to manufacturing output, employment and exports of the country.

It is estimated that in terms of value, the sector accounts for about 45 percent of the manufacturing output and 40 percent of the total exports of the country. The sector estimated to employ about 69 million persons in the over 26 million units throughout the country.

“There are over 6 000 products ranging from traditional to high tech items which are being manufactured by MSMEs in the country. It is well-known that MSMEs sector provides maximum opportunities for both self-employment and job outside agriculture sector.

“The inclusiveness of the sector is underlined by the fact that nearly 50 percent of the MSMEs are owned by disadvantaged groups of society,” Verma told the Daily News. - Indian handicrafts fair a boon for SME traders

Richard Chidza recently in INDIA

WITH a massive human resource base anchored on a population now topping 1,3 billion, 25 million small-to-medium enterprises and an economy set to be among the top five by 2050, India is hedging its growth on its unsung heroes and heroines.

India’s home and handmade wares are making waves across the globe and as testament to this; some 5 000 buyers went through the Indian Handicrafts and Gifts Fair that concluded on Monday with elated officials declaring it a resounding success.

Rakesh Kumar Verma, director of the Export Promotion Council (Epch) for Handicrafts in India told the Daily News in an interview at the conclusion of the fair that authorities were satisfied with returns from the business expo.

“We are delighted with how the show went and the financial deals are encouraging. So far the update we have received is that deals totalling some $150 million have been struck.

“I need to say these are deals being made with people some of whom are coming from very remote parts of India. We have given them an opportunity to interact with very high profile business people from different countries. Their lives will never be the same again,” Verma said.

He said India will work hard to expand its handicrafts market to Africa and other parts of the world.

“We will continue to find ways of growing the fair and taking it to other parts of the globe particularly Latin America, South East Asia and Africa where our presence is not so pronounced. You will remember we had a mini-fair in Harare late last year and as I already indicated we are working on the modalities of a bigger trade show in Zimbabwe.

“That should grow markets and synergies for our handicrafts not only in Zimbabwe but in Africa,” said Verma.

The fair showcased wares that are indigenous to Indians whose knowledge, according to Verma has been passed from generation to generation.

“Government has realised our youths are losing interest in our culture and the activities that culminate in the goods you are seeing here. Hence we have taken a deliberate stance to provide support and incentives that should reverse the situation and make sure Indian art does not die,” he said.

According to authorities in India, the country’s micro, small and medium enterprise (MSME) sectors contributes significantly to manufacturing output, employment and exports of the country.

It is estimated that in terms of value, the sector accounts for about 45 percent of the manufacturing output and 40 percent of the total exports of the country. The sector estimated to employ about 69 million persons in the over 26 million units throughout the country.

“There are over 6 000 products ranging from traditional to high tech items which are being manufactured by MSMEs in the country. It is well-known that MSMEs sector provides maximum opportunities for both self-employment and job outside agriculture sector.

“The inclusiveness of the sector is underlined by the fact that nearly 50 percent of the MSMEs are owned by disadvantaged groups of society,” Verma told the Daily News. - Richard Chidza recently in INDIA

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Comments (1)

hi...

Kanniyappan - 14 August 2013

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