National Handloom Development Corporation (NHDC) is targetting a turnover of Rs 1,050 crore in the current fiscal. Last fiscal, NHDC had registered a turnover of over Rs 829 crore despite the economic slowdown in the national and international markets.
NHDC provides raw material subsidy and other logistics support to unorganised artisans and weavers in the country, thereby protecting them from the cartels of middlemen and suppliers. The raw material support includes wool, cotton, rayon, yarn, silk, dyes and chemicals. To provide marketing support to artisans and popularise natural fabrics and craft, the corporation regularly organises exhibitions all over the country.
“This year, we are organising 15 exhibitions in India, up from 12 last financial year,” NHDC Managing Director J K Baweja told Business Standard.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.