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1. Indian Handicrafts Market has a diversified and possible market place in domestic & worldwide platform.
2. It gives huge products variety and range as it is total of diversified tradition.
3. Market is facilitated by diversified and supportive retail infrastructure acros the nation.
4 Market gives srvices to diverse market place (Handicrafts, Textiles, Jwelry) bcaue of diversified merchandise array.
5. Labor premiums are low cost and it outcomes to competitive price.
6.. Industry needs lower cash investment.
Lower barriers for new entry in industry.
7. Business supplies likely sources of employment.
8. Products are substantial worth extra, and handicrafts have various purposes.
9. It is the prospective resource of foreign earnings because of greater export.
10. Industry offers potential sources of employment.
11. Merchandise are higher value additional, and handicrafts have various programs.
12. It is the likely source of foreign profits simply because of increased export.
Weaknesses:
1. Sector is lacking with infrastructure and communication services.
2. There is unawareness among craftsmen about global specifications and market.
three. Lack of co-ordination in between authorities bodies and private players.
four. Inadequate info of new technological innovation and developments.
5. Inadequate info of existing market place developments.
six. There is absence of skilled labor in indutry.
Industry is still confined to rural locations and little metropolitan areas and not able to get to untapped marketplace.
7. There is lack of marketing of goods.
Options:
one. Emerging need for handicrafts merchandise in produced countries these as USA, Canada, Britain, France, Germany, Italy and so forth.
2. Rising demand and usage of handicrafts merchandise in vogue business.
three. Growth of sectors like Retail, Real Estate that presents fantastic specifications of handicrafts goods.
four. Creating of domestic and global tourism sector.
5. e-Commerce and Net are emerged as promissory distribution channels to market place and sell the craft merchandise.
Threats:
one. Opposition in domestic industry.
two. It is challenge to have balance amongst large desire and supply of items.
3. Top quality products developed by competing countries like China, South Africa.
4. Competing countries are offering much better Trade Phrases .
5. Competing nations are supplying far better technological support and R&D facility in competing nations.
To know more about Indian Arts & Crafts visit Indian Handicrafts Sector
Priyanshu Shrivastava is the creator of India-Crafts
This site is 1 quit online data middle for Indian Arts & Handicrafts.
Post from articlesbase.com
This site is 1 quit online data middle for Indian Arts & Handicrafts.
Post from articlesbase.com
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