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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


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