Performance of Handloom, Handicraft Dev Corps reviewed

Performance of Handloom, Handicraft Dev Corps reviewed

The government has provided Rs 5 crore Capex grant to Handloom Corporation and Rs 1.75 crore grant to Handcraft Corporation to enable these to stand their business.

Government Friday decided to go for a massive evaluation of business centres, production units and restructuring of the manpower of Handloom and Handicraft Development Corporations, even as it offered a whopping grant to the twin PSUs with the condition to come out of the red in a year by achieving sustainability and clearing liabilities.

The other refurbishment moves include running and sharing joint ventures, besides creation and tie up with the e-platforms for online sales for capitalising huge demand potential of world fame handicraft and handloom products of the state.

The government has provided Rs 5 crore Capex grant to Handloom Corporation and Rs 1.75 crore grant to Handcraft Corporation to enable these to stand their business. 

The twin corporations have vast chain of business units spread across the state and the country and the government has asked the two managements to share the space in showrooms and relocate unprofitable units to potential tourist destinations to capture high-end customers.

These decisions were taken here in a meeting chaired by Principal Secretary Industries and Commerce Navin Choudhary whereat he reviewed the business performance of the twin Public Sector Units and the main departments.