chapter viii wool & wollen textiles industry - Ministry of Textiles

ministry of textiles
Crores as against Rs. 1551.06 Crores in
the corresponding period last year. The
increase is mainly due to strengthening in
the existing market along with capitalizing
the new markets, product development
and Increase in Bullion Imports by
Rs.3446.86 crores (226 %) due to
enrolment of new Associates with multi
location operations. Increase in turnover
in the core group and bullion imports,
sourcing of products in core group at
competitive prices and higher margins on
exports, the operational Trading Surplus
has increased to Rs. 11.31 crores during
the year as compared to Rs. 9.49 crores
in the previous year, an increase of Rs.
1.82 crores (19.18 %).
After accounting for overheads amounting
to Rs. 16.36 crores (previous year
Rs. 15.49 Crores), the Corporation has
made operating profit of Rs. 0.68 Crores
as against operating loss of Rs 0.50
Crores in the previous year. The net
profits for the year amounts to Rs. 0.92
crores as against net loss of Rs. 1.16 core
in the previous year.
EXPORT PROMOTION AND TRADE
DEVELOPMENT
1. The Corporation has participated
in various exhibitions in India and
abroad to showcase the new samples
developed from traditional crafts
and textiles clusters as well as to
upgrade knowledge on designs and
fashions abroad. During the year, the
Corporation participated in a number of
international fairs viz., 21 st India Home
Furnishing Fair (Osaka – Japan), 31 st
India Garment Fair (Osaka – Japan),
World Expo Shanghai (Shanghai)
Pret-A-Porter (Paris – France),
Heim-Textil (Frankfurt – Germany),
Brand India Mega Show (Australia),
International Autumn Fair Birmingham
(UK)., Houseware & Gift Show (Sao
Paulo Brazil) AFL- Artigiano (Milan,
Italy)2010, New York International
Gift Fair(New York USA) and Inter
Gift Fair (Madrid, Spain) Participation
in domestic fairs includes IHGF
(Autumn) 2010, Tex Trends India
2011, IHGF (Spring) 2011 and Indian
Asean Business Fair 2011.
2. Garment Studio at Noida has been
transformed to Garment Factory
to facilitate design input & quality
control. CAD & CAM facility has
been installed and for Total Quality
Management, machines like
Coloring Meter & Testing standard
has also been identified. With
the Productivity point of view a
dimension has been added to HHEC
i. e. Factories at Chennai and Noida
combined together are giving an
output of 1 lakhs pieces of stole per
month which are being exported to
14 European countries We are also
registered users of “SILK MARK”
and “HANDLOOM MARK” to ensure
genuine product and thus boast our
Markets.
3. To expand our horizon and
maintain whole time presence in
the International Market we have
opened the Franchisee Showrooms
in Montevideo, Norway and planning
for opening Franchisee Showroom
in New Zealand, Abu Dhabi,
Australia and other new emerging
market during the year. For further
development of business in potential
global markets, General Sales
Agents have been engaged during
the year.
4. In order to increase our presence in
Global and Domestic Market, HHEC
has positioned itself for retail outlets in
leading museum in world with a view
to showcase the museum object on
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