Centre for Rural Enterprise Acceleration through Technology

About Centre for Rural Enterprise Acceleration through Technology:

• It will enhance local productivity, product quality, and economic potential and improve livelihoods for the local communities.
• It will help advance rural industrialization and foster enterprise creation, to retain the traditional artisans particularly in regions like Ladakh.
• CREATE will provide
  • A Pashmina Wool Roving Facility.
  • Training for development of production facility for Essential Oil Extraction from Roses and Other Flowers and Training for development of production facility for Bio-processing of available fruits and other raw materials.
  • The machinery required for Pashmina wool roving has been installed, commissioned and is ready for operation.

What is Pashmina Wool?

• Pashmina refers to a fine variant of spun cashmere (the animal-hair fibre), that is derived from the downy undercoat of the Changthangi.
• Pashmina is obtained from a breed of mountain goats (Capra hircus) found on the Changthang Plateau in Tibet and parts of Ladakh.

Q1. What is Entrepreneurship?

Ans. Entrepreneurship is when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service.

Source: Inauguration of Centre for Rural Enterprise Acceleration through Technology (CREATE) at Leh