CCIC gives dividend of Rs. 18.67 lakh to the Government

CCIC gives dividend of Rs. 18.67 lakh to the Government

Central Cottage Industries Corporation of India Ltd. (CCIC) gave a dividend of Rs. 18.67 lakh for the year 2014-15 to Government of India.  

The dividend cheque was presented to Shri Santosh Kumar Gangwar, Hon'ble Union Minister of State for Textiles (I/C), by Shri Pramod Nagpal, Managing Director, CCIC in the presence of Dr. S. K. Panda, Secretary (Textiles), Shri A. Madhukumar Reddy, Joint Secretary and other senior officials of the Ministry.

CCIC achieved a turnover of Rs. 82.84 crore in 2014-15 and earned a pre-tax profit of Rs.167 lakh as against pre-tax profit of Rs.36.63 lakh in the previous year.

CCIC provides direct marketing support to approximately 6,000 artisans, weavers and craft persons.  It has also set up two Common Facility Centres in Varanasi for the benefit of weavers.