India-Oman CEPA scraps 5% duty on Kashmir handicrafts, reopens ₹250-cr Gulf export channel
Effective June 1, the India-Oman trade pact removes a 5% customs duty on Kashmiri shawls and Pashmina entering Oman. The Kashmir Chamber of Commerce expects the cut to revive a ₹250-crore annual Gulf export trade supporting 440,000 artisans, after a stretch of order declines.
What happened
Kashmir Chamber of Commerce and Industry · India-Oman CEPA, effective June 1, removes 5% customs duty on Kashmiri handicrafts entering Oman, expected to revive
Key facts
- ₹250 crore annual exports
- 5% duty removed
- 440,000 artisans
- June 1 effective date
Why this matters
Consider partnerships or JVs with Omani distributors and Gulf retail chains to lock in shelf space while the CEPA tailwind is fresh, and explore roll-up opportunities among the 440,000-artisan supply base.