Products made by Tihar jail inmates are the centre of attraction of the haat which will remain open till November 27.
"Hunar Haat is a spectacular gathering of master artisans and craftsmen from Tihar to Tripura, Kashmir to Kanyakumari and Karnataka to Kolkata," the minority affairs minister told reporters after the launch event.
Naqvi said the haat, organised by his ministry, has been "successful" in providing employment opportunities and national as well international exposure to artisans, craftsmen and culinary experts.
Exquisite pieces of handicraft are on display.
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These include cane, bamboo and jute products from Assam, Geeja and Matka silk from Bhagalpur in Bihar and traditional jewellery from Rajasthan and Telangana.
Baskets made of natural grass from Puducherry and Uttar Pradesh, Gotapatti work from Rajasthan and mural paintings from Gujarat will also be showcased, the minister said.
The haat will be organised in Mumbai, Kolkata, Lucknow, Bhopal and other cities in the coming days, Naqvi said.
Tihar Director General Ajay Kashyap said furniture items, handloom products, tailoring goods, schools uniforms, spices made by jail inmates are on display.
Union Minister of State for Minority Affairs Virendra Kumar, ministry secretary Ameising Luikham, NMDFC chairman Shahbaz Ali and other senior officials were present on the occasion.