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Karnataka Handloom Corp hikes wages of weavers
05
Jan '10
Chairman of Karnataka Handloom Development Corporation (KHDC) Mr. MD Lakshminarayana said that the corporation will increase wages, of the weavers working for it, by 20 percent from this month.

Mr. Lakshminarayana was addressing media professionals after attending KHDC's board meeting which has shifted its headquarters to Hubli from Bangalore. This hike is apart from the 10 percent hike that weavers received in the month of August, he said.

This increase in weavers pay is an outcome of the extraordinary growth witnessed by the corporation's business, informed the Chairman. Last year, it went up to Rs. 1.2 billion from around Rs. 0.9 billion. While, this year the corporation targets to touch Rs. 2 billion, he added.

Now the government is also thinking over the establishment of Karnataka Textile Development Corporation, which will incorporate both, handloom and power loom weavers, informed the Chairman.

Fibre2fashion News Desk - India

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