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 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

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

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