Home / Knowledge / News / Textiles / Himachal Handloom Corporation makes record sales
Himachal Handloom Corporation makes record sales
03
May '12
Himachal Pradesh State Handicrafts and Handloom Corporation traded a record Rs.196 million worth of goods during the just concluded 2011-12 fiscal. This is a noteworthy rise over its 2008-09's sales of Rs.106.062 million.

Mentioning this during a review meeting of the Corporation held under his Chairmanship, the state Chief Minister, Prof. Prem Kumar Dhumal stated the Corporation is a leading undertaking, which has played an active role in showcasing and trading products of the state in Indian as well as world markets.

The Corporation has developed a rapport with the customers, who like to purchase genuine and unique Himachal-made handlooms and handicrafts, the CM said, and added that the diversified efforts have led to a considerable rise in organization's revenue.

The organization has developed expertise in various crafts, particularly production of world-known Kullu and Kinnauri shawls, and has formed weavers and artisans Self Help Groups (SHGs) in Kangra, Kullu, Mandi, Kinnaur and Chamba regions, which produce goods in accordance with demand from local, national and world markets.

The Corporation also requested National Institute of Fashion Technology (NIFT) and National Institute of Design (NID) to extend their services to help the artisans in improving their product designs. This has proved immensely beneficial for weavers and artisans in cooperative sector, SHGs and cluster schemes, Prof. Dhumal said.

Praising the Corporation for achieving Rs. 78.857 million in assured earnings from minimum sales guarantee during last fiscal, significantly above 2008-09's earnings of Rs. 21.105 million, the CM said that earnings from exhibitions alone grew from 2008-09's Rs. 6.1 million to Rs. 15.594 million. Besides, the Corporation also settled dues worth Rs. 22.7 million by March 2012, he added.

The operational losses which were at Rs. 5.474 million in 2008-09, also came down to Rs. 324,000 during 2010-11, and on compilation of final accounts, the Corporation is likely to show positive results, he said.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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