JK Handicraft Corp achieves 83% target
Srinagar: The J&K Handicrafts (Sales and Export) Corporation Limited has set up a sales target of Rs 1386.50 lakhs for the current financial year. The corporation has achieved 83 per cent of the sales target in the first eight months as goods worth Rs 589.00 lakhs have been sold against target of Rs 715.00 lakhs. Revenue generation of the corporation has also increased.
This was disclosed at the 113th meeting of board of directors of the corporation held on December 1 under the chairmanship of H H Tyabji, advisor to governor, J&K.
The board observed that the Corporation has shown steady growth in business over last few years and has potential of self-sustenance. Board introduced sales incentives scheme for its employees. Renovation of Corporation showrooms at Delhi, Kolkotta and Mumbai was decided to be got done in phased manner.
In-country and overseas exhibitions/crafts Bazaars of handicrafts by the Corporation were also approved. The Board also approved opening of new branches at Gurgaon, Hyderabad and Ahmedabad.
Present among others were S L Bhat, Financial Commissioner, Planning and Development Department, Additional Secretary to Government Industries and Commerce Department, Director General Budget, Finance Department and Director Handicrafts. G W Wani Managing Director of the Corporation briefed the meeting about performance of the Corporation for the year 2007-08 and target performance for the year 2008-09.
(Greater Kashmir)