IHGF attracts business enquiries worth Rs 3,150 crore

The 44th edition of IHGF Delhi Fair Autumn 2017, which witnessed visitors from over 100 countries, received business interest worth Rs 3,150 crore.

The fair, which concluded today at India Expo Centre & Mart here, was organised by EPCH Export Promotion Council for Handicrafts.

Business enquiries worth Rs 3,150 crore were generated during the event, said Rakesh Kumar, Executive Editor, EPCH.

Kumar said that last year the number of countries from where the buyers visited the show were 88 and this year it has witnessed buyers from over 100 countries.

Overseas buyers and their representatives participation increased from 5,586 last year to 5,995 this year, representing a healthy increase of 7.32% supported by 765 domestic trade visitors.

The fair generated business enquiries to the tune of Rs 3,150 crore this year, an increase of around 6.78% over the last year.

The handicrafts exports during the year 2016-17 was Rs 24,392.39 crore, a rise 13.15% increase from last year.

However, the exports of handicrafts during the first six months of the current financial year stood at Rs 12,520.32 crore.

This fair has become a major marketing platform to boost exports of small and medium entrepreneurs of the handicraft sector.

OP Prahladka, Chairman EPCH said that the buyers visited maximum from USA (751 ) followed by UK (295), France (282), Australia (275), Germany ( 259), Japan (194 ) and China (67).

This year new buyers also visited from Jordan, Qatar, Lebanon, Saudi Arabia, Turkey, Uzbekistan, Hungry, Mongolia, Libya and Kenya.

Ajay Tamta, Minister of State for Textiles, gave the prestigious Ajay Shankar Memorial Awards for the best designed and displayed stands in six product categories.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)