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Himachal Handloom Corporation makes record sales

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

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