Financial Daily from THE HINDU group of publications
Saturday, Oct 30, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Handloom


Hantex plans new range of garments

Sankar Radhakrishnan

Thiruvananthapuram , Oct. 29

IN an attempt to benefit from the revival of interest in handloom fabric, the Kerala State Handloom Weavers' Co-operative Society Ltd (Hantex) is preparing to launch a range of new handloom garments in the State.

On the cards are a collection of handloom sarees and cotton salwar kameez sets based on contemporary patterns provided by the National Institute of Design, said Mr S. Prakash, Managing Director, Hantex.

The new products will be launched by early next year and will be sold through the company's 150-store retail network, he added. The idea is to have the products in stores in time for the `Vishu' festival next year, he said.

The company is working with the Indian Institute of Management Kozhikode to create a distinct branding strategy for these garments, Mr Prakash said. Details of this initiative, including possible brand names, are likely to be finalised in a couple of weeks, he added.

Meanwhile, the company is also working on a project to develop `value-added' products such as quilts and curtain materials. Similarly, it is attempting to introduce innovative designs and finishes for its range of readymade shirts, he said. The company is also in the process of setting up a training unit at Balaramapuram near Thiruvananthapuram. This facility will help handloom weavers update their skills in areas such as design, he said.

Hantex has also submitted a Rs 40.8-crore restructuring proposal to the Government of India, he said. This proposal, if approved, will involve a complete revamp of the organisation including steps to improve the look and feel of its retail outlets, he added.

Given the renewed interest in cotton fabric, especially handloom, the opportunities are extremely good, he said. For instance, the company's sales during the Onam season this year were worth Rs 12 crore, he added. However, the heavy interest burden on the State's handloom co-operatives is proving to be a constraint on the sector's growth, Mr Prakash said.

More Stories on : Handloom | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Fire at commercial complex in Mumbai


Inflation unchanged despite higher fuel prices
Proposals invited for scheme to replace DEPB
`Bilateral trade with Singapore will cross $10 b'
Serum Institute launches indigenous rabies vaccine
Tap forex reserves for infrastructure development, says Montek
Centre hopeful of meeting power capacity addition target
New broadcasting platforms will pose challenge to research outfits
MMA moving into new premises
SBI students' loan package
Supply situation of office space may ease soon
Fapcci CEO Club
Hantex plans new range of garments
Indo-German Sci-Tech Forum on Nov 1
Blood donation campaign
In Thiruvananthapuram today
I-T grievances redressal
Cashew exports increase 50 pc — Raw nut imports rise
Worn clothing placed under restricted list
Tourist flow from Tiruchi to Singapore up



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line