KHDC to invest Rs one cr in R&D
Efforts are on to build up its R and D facility in order to come out with more designs and innovative ideas to cater to the changing market demands.
By PTI |
BANGALORE: Karnataka Handloom Development Corporation on Wednesday said it will initially invest Rs one crore to strengthen its Research and Development (R&D) and to diversify its product range.
Efforts are on to build up its R and D facility in order to come out with more designs and innovative ideas to cater to the changing market demands, Managing Director KHDC S N Jayaram told reporters here.
In the financial year 2006-07, KHDC, which marked an impressive turnaround from a loss making unit to a profit making one by posting a net profit of Rs 436.70 lakh in 2006-07, would make available the new product by January 2008.
Its proposed product range would focus on the states's history and textile heritage. "The colours and designs would be traditional. The focus would be on going back to the roots and drawing inspiration from temples and palaces," he said.
"Plans were afoot to bring out the present Ikkal range of sarees which would be made available in cotton and art silk in the pure silk format to cater to new market demands," Jayaram said.
Efforts are on to build up its R and D facility in order to come out with more designs and innovative ideas to cater to the changing market demands, Managing Director KHDC S N Jayaram told reporters here.
In the financial year 2006-07, KHDC, which marked an impressive turnaround from a loss making unit to a profit making one by posting a net profit of Rs 436.70 lakh in 2006-07, would make available the new product by January 2008.
Its proposed product range would focus on the states's history and textile heritage. "The colours and designs would be traditional. The focus would be on going back to the roots and drawing inspiration from temples and palaces," he said.
"Plans were afoot to bring out the present Ikkal range of sarees which would be made available in cotton and art silk in the pure silk format to cater to new market demands," Jayaram said.
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