Home / Knowledge / News / Textiles / Jharcraft expects turnover to rise three-fold
Jharcraft expects turnover to rise three-fold
10
Jan '12
Gone are the days when silk textiles and handicrafts from the tribal regions of India's Jharkhand struggled to get national recognition. These products, now being marketed under the label of Jharkhand Silk Textile and Handicraft Development Corporation Limited (Jharcraft), are in high demand both in domestic and international markets.

“Seeing the huge demand, we are expecting a turnover of about Rs. 9 million this year, a three-fold rise over the turnover of Rs. 3 million achieved in 2011,” Mr. Dhirendra Kumar, Managing Director of Jharcraft, told fibre2fashion.

“We have extensive expansion plans lined up. We are planning to open our emporiums in various parts of the country. We are also planning to open our outlets in USA and Mauritius,” he informs.

Elucidating on the supply-demand situation, he says, “Because of the organic nature of silk, we have got orders from countries like UK, USA, Germany, France, Malaysia, China, etc. So, we are working towards increasing the production so that the exports increase.”

“Our silk production is 2000 tons and in terms of cocoons it is 900 million. Each cocoon is on an average worth Rs. 1.60 at the first stage or the primary stage where the rearer gets his money. Then the rearers, who are involved in the trading and conversion of the cocoon into silk, they get around Rs. 500-600 per kg,” he reveals.

Providing figures at the national level, he avers, “The domestic production of silk is about 20,000 tons compared to the consumption of about 30,000 tons. Thus, there is a gap of 10,000 tons in silk production in the domestic market.”

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search