Home / Knowledge / News / Textiles / NHDC pays Rs 8 million dividend to Govt
NHDC pays Rs 8 million dividend to Govt
24
Sep '09
National Handloom Development Corporation(NHDC) Ltd, a Central Public Sector Enterprise under the administrative control of Ministry of Textiles presented a cheque of Rs 80 lakh to Thiru Dayanidhi Maran, Union Textiles Minister towards dividend for the financial year 2008-09. On the occasion, Smt . Panabaaka Lakshmi , Minister of State for Textiles , Smt Rita Menon, Secretary Textiles , Shri B.K Sinha, Development Commissioner, Handlooms , Shri J.K Baweja, Chairman , NHDC along with senior officers of the Ministry and NHDC were present.

NHDC has been declaring the dividends for the last 13 years since 1995-97. During the FY 2008-09 , the Corporation has achieved highest ever turnover of Rs 829 crore and declared highest ever dividend of Rs.80 lakh. For the first time in the history of the corporation , it is qualified for “ Excellent” rating as per MOU for the FY 2008-09. During the last 6 year the rating was “very good”.

Corporation has taken up restructuring of its operations which aims at enlarging the scope of services in terms of Availability, Accessibility , Awareness and Affordability , enhanced thrust in the states of uttar Pradesh , Haryana , Orissa and North Eastern states besides continued attention to the “key areas” and “key states” . Under the Mill Gate Price Scheme , depots are also set up through handloom agencies for ensuring easy and uninterrupted supplies. 595 depots are operating all over the country.

As a result of restructuring of operations and other initiatives taken during the last 1-2 years, the corporation's yarn supplies to the handloom sector have gone up from Rs 398 crore during FY 2006-07 to Rs 799 crore during FY 2008-09 and is expected to cross the Rs 1000 crore mark during current financial year.

Press Information Bureau


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

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

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