Noida: The 59th Indian Craftsmanship And Gifts (IHGF) Delhi Fair began on Wednesday at the India Expo Center, Greater Noida, with over 2,000 exhibitors who present Home Decor and Handicrafts. The Minister of the Union Textile, Giriraj Singh, who was the main guest on the first day, emphasized India's strong position in traditional craft and provided the potential to dominate 80% of the market.
The four-day B2B event has attracted more than 70 international buyers from countries, including Great Britain, USA, Germany and Canada. The fair runs until April 19.
Singh was concerned about US tariffs, which granted the support of the government through bilateral discussions and encouraged exporters to explore new markets through FTAs. He emphasized a global shift in the direction of sustainability and environmentally friendly production and emphasized the support of the government for the craft sector through infrastructure development, financial help, design and digital public relations.
Export promotion Dileep Baid, Chairman of the Council for Handicrafts (EPCH) IHGF Delhi Fair Compare lifestyle, fashion and furnishings under one roof together with live craft demonstrations of metal gravia, LAC bracelets, Madhubani painting and Pashmina scarves. “In addition, designers/alumni from NIFT/NID/IIT will show their innovative product designs, including sustainable designs,” said Baid.
With regard to the current global trend, Dr. Rakesh Kumar Verma, General Director and Chief Mentor EPCH that this edition of the fair does not expect any significant effects of the US tariffs. “This is because we are still strongly involved by American buyers and a healthy number are already registered. The tariffs introduced by the United States are not exclusively India, they apply worldwide. Compared to China, Vietnam and Cambodia, India can have relatively lower tariffs. Away for a trade -friendly agreement that will further strengthen our position on the American market, “said Verma.
According to Verma, which is also the chairman of India exposure Mart LTD (IEML), this year's fair is expected to increase estimated request from the estimated preliminary exports of handicrafts in 2024-25 RS 33,490.79 Crores ($ 3959.86).