Erode-based Five P Venture India Private Ltd has entered into an agreement with Bengaluru-headquartered Central Silk Board (CSB) for development and commercialisation of handloom silk products. Silk is a niche fibre, which they have not ventured into this far. With the board’s technical support, they will be able to develop new, niche products, said Bharathi Chinnuswamy Chief Executive, adding “this development (referring to the MoU with CSB) could also help revive the heritage skills of the handloom weavers in Chennimalai belt. This MoU was signed at the first-ever mega trade fair for the textile sector organised by the Ministry of Textiles at Gandhinagar early this month. It would go a long way in boosting the eco-system of Chennimalai handloom cluster, which hitherto has not worked with any other fibre other than cotton, said Bharathi.
