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

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

American Merchant to invest $19.9 mn to start Bristol plant

Textiles | On 15th Dec 2017

American Merchant to invest $19.9 mn to start Bristol plant

American Merchant, Inc., a subsidiary of Merchant House International ...

Courtesy: Tailored Brands

Apparel/Garments | On 15th Dec 2017

Tailored Brands posts $810.8 million sales in Q3 FY17

Tailored Brands, a leading US-based specialty retailer of menswear,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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