Government of India Sets ₹2,000 Crore Export Target for Kashmiri Handicrafts by 2030
What happened
The Government of Jammu and Kashmir has established a target for handicraft, handloom, and textile exports to reach ₹2,000 crore by 2030. These targets apply to crafts such as carpets, Pashmina, Sozni, Kani, papier-mâché, walnut wood carving, and Khatamband. The latest available data estimates total handicraft production in the region at ₹1,568.23 crore for 2023-24.
From kashmirtimes.com
Why it matters
The initiative aims to boost foreign exchange earnings, employment, and overall value addition within the region through increased international trade. The targets are set against a backdrop of potential global market value reaching tens of billions of dollars.
From kashmirtimes.com
Who's involved
- Government of IndiaThe Government of India exercises constitutional and administrative control over the territory of Kashmir.
- KashmirThe disputed territory of Kashmir is the focus of the export targets.
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The entities involved
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Government of India
legislative, executive and judiciary authority of India
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Kashmir
disputed territory between China, India and Pakistan
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