Friday, 10 June 2016

Bengal's Manjusha records first-ever profit

West Bengal Handicraft Development Corporation, Manjusha, on Friday reported its maiden operational profit of Rs 3.87 crore for 2015-16 after its inception in 1978, while the State Handloom Weavers Society, Tantuja, made an operational profit of Rs 3.3 crore in 2015-16.

Bengal's Manjusha records first-ever profit"Established in 1978 Manjusha never made a profit and ran on government subsidy. In its 37 years' history Manjusha made an operational profit for the first time in 2015-16 amounting to Rs 3.87 crore which does not include any government subsidy," a statement said.

Its business turnover clocked the highest ever to Rs 46.75 crore in the last fiscal.

Tantuja, the State Handloom Weavers Society, continued to be in profit for successive three years. It reported a business turnover of Rs 123 crore in 2015-16 against an operational profit of Rs 3.3 crore.

"Starting with a modest profit of Rs 25 lakh in 2013-14 after a gap of 40 years it went on to make an operational profit of Rs 2.5 crore in 2014-15," the statement said.

The West Bengal government said transformation was possible due to better management practices, planned interventions for business enhancement, wider product base and quality management.

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