PKSF to enhance support for promotion of export-oriented handicrafts
The information was disclosed in a press release issued today (5 February)
Palli Karma-Sahayak Foundation (PKSF) will increase financing and other support to promote Bangladeshi handicrafts in the nearly $1 trillion global export market while taking initiatives to expand the domestic market.
The information was disclosed in a press release issued today (5 February).
During a visit to export-oriented handicraft enterprise Taranga in Mirpur, PKSF Chairman Zakir Ahmed Khan said that handicrafts are a promising sector but face challenges such as financing constraints, skilled manpower shortages, infrastructural gaps and weak branding, which PKSF plans to address through specialized programs.
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Bangladesh's domestic handicrafts market is estimated at Tk100–150 billion, while its global exports remain minimal, at $29.75 million in FY 2022–23. Major buyers include the United States, Europe, and the Middle East.
PKSF Managing Director Md Fazlul Kader said women artisans produce high-quality export products locally, raising family incomes.
He added that PKSF aims to help Bangladesh achieve $1 billion in handicraft exports through financing and technical support.
Taranga, backed by PKSF, employs around 32,000 women and allocates over 40% of sales revenue to workers' wages.
Following fair trade principles, it exports jute, water hyacinth, hogla leaves, bamboo, banana fiber, and natural dye products to 50 countries.
