West Asia conflict sharply reduces Gulf demand for Kashmir handicrafts
Business
Kashmir's famous handicraft sector is facing a tough time right now. The ongoing conflict in West Asia has caused demand from Gulf countries, where more than half of Kashmir's exports go, to drop sharply.
With orders on pause and working capital worth hundreds of crores stuck, many artisans like Rauf Ahmad Qureshi are feeling the financial pinch.
Business with Qatar and UAE stalled
Exporters say business with Qatar and the United Arab Emirates has basically stopped, making it hard to travel for deals or plan ahead.
Shipping costs have jumped, while online sellers like Kashmir Box have seen sales fall by up to 85%.
Supply chain disruptions mean even more uncertainty for local artisans who were already struggling to keep up with rising costs.