The Indian handicrafts sector is undergoing a transformation in order to achieve a threefold growth in handicraft exports by 2030. With the goal of “Teen Guna Tees Tak,” the sector is striving for sustainability and productivity. This was shared by Dileep Baid, Chairman of the Export Promotion Council for Handicrafts (EPCH), at the close of the 17th Indian Fashion Jewellery & Accessories Show (IFJAS) held from June 26th to 28th, 2023.
The three-day event attracted 1,293 trade visitors from 58 countries who were looking to explore business opportunities and source products from India. The fair generated business inquiries worth Rs. 315 crores ($46 million). The showcased products included fashion jewelry, semi-precious jewelry, accessories such as belts, wallets, handbags, purses, headwear, scarves, shawls, and various types of footwear and apparel.
Over 200 exhibitors, including regional artisans and entrepreneurs, showcased their new product lines at IFJAS. They are now anticipating orders, inquiries, and follow-ups from the event and are looking forward to the next edition in 2024.
Dr. Rakesh Kumar, Director General of EPCH, emphasized the importance of the show in connecting manufacturers and buyers and fostering growth for both parties. He highlighted that the show attracted new buyers who see India as a promising sourcing base. Regular patrons of the event have also taken note of the next EPCH trade platform.
Buyers from various countries, including Australia, Japan, and Spain, praised the attractive and easily accessible display of accessories. They mentioned that Indian manufacturers provide good designs and products that align with international market trends and consumer tastes.
IFJAS is a unique trade show that attracts buyers interested in head-to-toe fashion sourcing, including jewelry and accessories. This edition of the show also focused on sustainability, young entrepreneurs, women-led export establishments, and EPCH’s integrated design development program outcomes.
The Indian handicrafts sector, under the guidance of EPCH, aims to promote exports and create a brand image for the millions of artisans and craftspeople in the country. In the year 2022-23, handicrafts exports reached Rs. 30,019.24 crores ($4.4 billion), while fashion jewelry and accessories exports amounted to Rs. 1,854.97 crores ($273 million).
Renu Lata, Economic Adviser from the Ministry of Commerce and Industry in the Indian government, visited the show and commended the participants for their products and workmanship. She encouraged them to focus on design development for wider market reach.
Overall, the Indian handicrafts sector is making significant strides towards sustainability, productivity, and international market growth, as demonstrated by the success of IFJAS and the continued efforts of EPCH.
