Handicraft Shops Do Lucrative Business

Email

Handicraft business in Paro is lucrative. The profit margin was very high. Although the same remains true now, handicraft shops are competing with each other for business.

With handicraft shops in Paro town doing roaring business, general shops have been relegated to the back.

In 2006, there were only three handicraft shops in Paro. Between 2011-12, the number shot up to 40. In 2013, 10 more cropped up taking the total to 50. As of now, 74 handicraft shops are operating in town.

Locally produced products sold in the handicraft shops include textile, paintings, woodcrafts, bamboo products and herbal medicine while imported products are antique.

Around 60% of the products are imported and 40% are locally produced. The imported ones are from Nepal and Delhi.

Handicraft shops in Paro have even formed a committee with a chairperson to address issues related to handicrafts.

Chairperson of the committee, Tenzin Yeshi, said that a decade back, handicraft business in Paro was lucrative. The profit margin was very high. Although the same remains true now, handicraft shops are competing with each other for business.

Back in 2006, the prices of the products were high and in a day, sales worth Nu 300,000 could be made.

Since 2009, handicraft shops in town saw a boom.

Tenzin Yeshi said the reason for the growing popularity of handicrafts in town could be the strategic location of Paro as one of the country’s entry and exit points.

“Tourists do luxury shopping of handicrafts,” he said.

However, he said that with more number of handicraft shops, profit margin has also decreased.

Two years back, Choden, 37, a mother of three was running a garment shop. Now, she has converted it into a handicraft shop and business is looking up.

During the tourist season, she manages to earn Nu 10,000 per day whereas before her garment shop could earn hardly Nu 5,000 a day.

Renting a building for a handicraft shop costs Nu 25,000-Nu 40,000 per month.

Similarly, Tashi Lhamo, 34, has been running the Tara Handicraft for almost eight years now.

She earns Nu 30,000 per day during the peak season.

However, another challenge has beset the handicraft shops apart from rising competition from each other.

The local community of Tshento village has started selling handicraft products at cheaper rates as compared to the market prices.

“Because of this, most tourists buy from them,” said Tashi Lhamo, a handicraft shop owner.

The chairperson of the handicraft shops committee said that competing with the community is a problem.

“They do not have to pay tax so they buy from wholesale dealers and even from the border at much cheaper rates.”

He feels the government should impose tax on them so that both the shops and the community are at a level playing field.

There is also a community of more than 30 people selling handicraft products at the Taktshang basement.

Most of the products are imported from Nepal because the prices are reasonable.

This article first appeared on Business Bhutan by Dechen Dolkar


Related Posts

What are the endangered birds of Bhutan?

Bhutan is home to 26 endangered birds. One of these birds even has its own festival.

Jul 19, 2021 10:35

Removing Bhutan’s import taxes on sanitary products is crucial...

What might elimination of the 30 percent import tax on sanitary supplies mean for Bhutanese citizens?

Jul 12, 2021 10:48

Singapore to train Bhutanese youths under new pact

The first MoU to strengthen the Technical & Vocational Education & Training (TVET) between MoLHR and ITE-Education...

Jul 01, 2021 10:52

Bhutan's Health Minister, Dechen Wangmo, elected as President for...

WHO's the decision-making body, World Health Assembly (WHA) met for its 74th session on May 24 including delegations...

May 25, 2021 13:38

Bhutan will supply oxygen to India to alleviate dire healthcare...

An oxygen plant in Samdrup Jongkhar, eastern Bhutan will supply liquid oxygen to India.

Apr 28, 2021 11:22

Queen Mother Gyalyum Sangay Choden Wangchuck delivered keynote...

Queen Mother Gyalyum Sangay Choden delivered a keynote address at the 54th session of the Commission on Population and...

Apr 21, 2021 14:53

Latest

News

What are the endangered birds of Bhutan?

Bhutan is home to 26 endangered birds. One of these birds even has its own festival.

Jul 19, 2021 10:35

Removing Bhutan’s import taxes on sanitary products is crucial for period equity

What might elimination of the 30 percent import tax on sanitary supplies mean for Bhutanese citizens?

Jul 12, 2021 10:48

Features

What are the endangered mammals of Bhutan?

Currently, Bhutan is home to nine endangered mammals, with one being critically endangered.

Jul 23, 2021 16:30

All you need to know about De-suups (Guardians of Peace) in Bhutan

Whenever there’s a disaster, trouble, or a need, the guardians of peace are deployed, almost like magic.

Jul 02, 2021 10:35

Business

What are the entrepreneurship programmes and initiatives available in Bhutan?

The Bhutanese government has introduced all kinds of initiatives to promote entrepreneurship. Even school kids are groomed to innovate,...

Jun 22, 2021 16:37

Support authentic Bhutanese handicrafts by local artisans

Whether you are interested in artisanal Bhutanese handicrafts or boutique sourced products with contemporary touch, the incredible...

Mar 25, 2021 12:09

Sports

Bhutan competed in the Olympics through historic qualification

Since 1984, Bhutan has been competing in the Olympics via universality invitation, but not the Tokyo 2020 Olympics.

Jul 29, 2021 17:06

What are the traditional sports of Bhutan?

The Bhutanese have a variety of traditional sports. Some test your aim and skills, whereas with others, it’s about pure brute strength.

Jul 13, 2021 11:15

Travel

Travel to Bhutan: experience the charm of Paro district

Paro district receives the highest volume of travellers annually. It's also easily one of tourists favourite places in Bhutan.

Jul 14, 2021 11:20

Travel to Bhutan: attractions in the capital of Bhutan, Thimphu

Western Bhutan is the perfect region to learn more about the beautiful kingdom for those who are visiting Bhutan for the first time.

Jun 29, 2021 12:58

Lifestyle

How to identify female or male Bhutanese names?

Organizational Psychologist Joyce E. A. Russell observed, “A person’s name is the greatest connection to their own identity and...

Jul 09, 2021 13:19

Where to satisfy your momo cravings in Thimphu, Bhutan

You can't go wrong with momo. It's almost always the answer to a growling stomach and social events.

Jun 28, 2021 11:20

COVID-19

Bhutan is leading in the vaccination race

“Bhutan is now a beacon of hope for the region, at a time when the COVID-19 pandemic has upended lives and devastated families." - Dr Will...

Jul 28, 2021 12:01

Bhutan, with a leading vaccination rate in the region, commenced its second vaccination drive

Bhutan's second nationwide vaccination campaign will be held from July 20 - July 26, 2021.

Jul 21, 2021 11:05

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!