Nepal Handicraft Fair Generates Transactions Worth Rs 20 Million in Kathmandu

The recently concluded handicraft fair in the federal capital, held from December 14 to 18, saw transactions totaling Rs 20 million, according to information provided by the Nepal Handicrafts Federation. The primary objective of the fair was to promote the international market for Nepali handicrafts.

The event witnessed active participation from provincial and district handicrafts associations, as well as commodity associations, showcasing a diverse range of products including jewelry, cotton clothes, pashmina, leather goods, natural fibers, and bamboo items. With approximately 120 sales stalls, the fair aimed to strengthen commercial ties between national entrepreneurs and handicraft importers.

Minister for Industry at Bagmati Province, Ram Krishna Chitrakar, emphasized the significant contribution of handcrafted products to the national economy, stating that they not only generate foreign currency but also foster entrepreneurship and create employment opportunities. Chitrakar underscored the need to protect and expand this sector.

The Nepal Handicrafts Federation revealed that Nepal currently exports handicrafts to over 60 countries, with the total market value of handicrafts estimated at Rs 24 billion. Approximately 1.1 million people are engaged in this sector, contributing significantly to both the national economy and job creation.

Annually, Nepal exports handicrafts worth Rs 12 billion, reflecting the sector's robust presence in the global market.