Leh's nomadic Changpa community herds the world's only Pashmina goats but raw fibre exits to Kashmir for processing — the high margin captured downstream, not by the herders. A grading-cleaning-spinning co-op redirects 2–3× more value to the source.
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Leh's Changthang plateau is the only place on earth where Pashmina-grade goats are herded — fibres are sold to Kashmiri processors at ~₹3,000/kg and exit as ₹40,000+ per kg shawls in retail. A herders' cooperative running grading, cleaning, and primary spinning at the source captures part of the downstream margin while keeping the geographic-indication intact (Pashmina is a Ladakh GI).
Capex of ₹18–35 lakh covers grading machines, cleaning equipment, two spinning units, and storage. NABARD-AIF (Agriculture Infrastructure Fund) plus the Centre's Sheep & Wool Mission provide softer-than-commercial financing for exactly this kind of producer co-op. The hard parts: the political work of organising herders (the existing supply chain has middlemen with stakes), winter logistics (nomads move; the unit is fixed), and consistent supply contracts to weavers. Realistic timeline: 18 months to break-even at low utilisation, full payback at year 4. Slow but durable.
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