Home / Knowledge / News / Textiles / Jharcraft turnover up in leaps & bounds
Jharcraft turnover up in leaps & bounds
10
Apr '10
Handicraft, silk and handloom department of Jharkhand is now active in setting up a number of showrooms, on franchisee basis and on its own, it aims to garner a turnover of Rs one billion within two years. The department gets buyers for its products through Jharcraft, its chain store in the country.

A department official said that the department intends to open stores in every possible region of the country. It is also thinking over establishing an emporium in Mauritius, on a franchisee basis, pertaining to which negotiations are on.

The department generated Rs five million in the year 2007-08; while in 2008-09 its turnover surged to Rs 70 million and in 2009-10; this turnover grew twofold to Rs 150 million.

The department expects to see its sales growing leaps and bounds with the opening of a number of 'Jharcraft' emporia across the country and especially, as it has joined forces with several agencies for tussar silk. Now the department has several such items, which can attract good number of buyers in international market.

It has recently opened 'Jharcraft' outlets in cities such as Kolkata, Mumbai, Pune and Delhi. Now it is planning to open stores at Giridih and Dehradun on its own and open 'Jharcraft' outlets in Ranchi and Dumka on franchisee basis. There are 10 'Jharcraft' emporia across the country, six out of which are run on franchisee basis and four are directly owned.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler
Groz-Beckert

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
April 2017

April 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