Says Handloom and Handicraft corporations are on path of revival
Jammu, November 18: Vice Chairman Handloom and Handicraft Corporations Nizam-ud-Din Bhat on Saturday called on Chief Minister Mehbooba Mufti to apprise her about the situation arising out of liabilities from salary and pension of the staff of these corporations besides inadequate purchasing and manufacturing capacity
In a statement issued after meeting the Chief Minister, Bhat said said even as Handloom and Handicraft Development Corporations are yet to fully come out of financial woes these are on a revival path with Government willing to extend adequate support. He said both corporations are expecting enhanced support under Prime Ministers Development Fund as also in the budgetary assistance so that immediate liabilities are met and corporations are able to get into normal business of purchase , manufacturing and marketing.
He said during his meeting with the Chief Minister, She expressed her desire to see handicrafts and handloom sectors fully revised band assured her full support.
Bhat said that the issue of financial problems has earlier been discussed at the Board Meetings of the Corporations and various measures were approved for revival and self-sufficiency. He said in past few months liabilities from Bank Loan. Though liabilities of salary and pension remain unpaid , but earnings have shot up to regularize monthly payments.
Bhat said the two corporations have vastly improved sales through better quality control, management and better marketing. He said outreach to artisans is based on better incentives which will help sustain the growth rate of art and craft.
Bhat exuded confidence that Kashmir Art will raise its stock as various avenues are opening up with the efforts and support from Governmental and Non-governmental organizations. He said Chairman of state unit of PHD Chamber and other prestigious organizations also have started contributing to growth of Kashmir art and with their support marketing prospectus will further increase.
Bhat also appreciated skilled and unskilled employees of the two corporations for their commitment towards the handloom and handicraft industry and understanding of its significance as sector of economic growth and employability.