India Handloom Brand product sales may double in 2017-18

Image
Press Trust of India New Delhi
Last Updated : Aug 06 2017 | 1:22 PM IST
The sale of products from India Handloom Brand (IHB), an initiative of the Ministry of Textiles, is likely to see a two-fold rise at Rs 180 crore in the current financial year, says a senior official.
The IHB is an endorsement to quality of the handloom products in terms of raw material, processing, embellishments, weaving design and other parameters, besides social and environmental compliances.
The IHB portal lists such products and contact details of their manufacturers and retailers, from where buyers can procure them. These products include natural dyed fabrics and sarees, organic cotton fabrics, cotton and silk sarees and branded handloom products sold in stores which have tied up with the IHB.
During 2016-17, the India Handloom Brand product sales were to the tune of Rs 95.63 crore. During the first two months of the current fiscal (April-May), the combined sales figure was Rs 29.42 crore.
Going by the first two months average of Rs 15 crore each, the Development Commissioner (Handlooms) expects the sales to reach at least Rs 180 crore in the current fiscal.
"With average sales of Rs 15 crore a month we should reach the Rs 180 crore mark. Handloom products are sold more during the winter months so sales may increase going forward," Development Commissioner (Handlooms) Shantmanu told PTI.
The office of Development Commissioner for Handlooms has also engaged retail stores for selling India Handloom Brand products under partnership framework for IHB retail stores. These stores have set aside an exclusive area for showcasing and selling IHB branded products only.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 06 2017 | 1:22 PM IST

Next Story