Explanation:

From the Himalayan highlands of Leh-Ladakh to the banks of River Ganges in Varanasi – the heritage handicraft of Pashmina has got a brand new identity.

• The premium Pashmina products prepared by the highly skilled Khadi weavers of Varanasi was launched by Chairman KVIC, Shri Vinai Kumar Saxena in Varanasi.
• This is for the first time that Pashmina products are being produced outside the region of Leh-Ladakh and Jammu & Kashmir.
• Pashmina is famed as an essential Kashmiri art form but rediscovery of Pashmina in Varanasi, the spiritual and cultural Capital of India, is unique in many ways.
• The production of Pashmina prepared in Varanasi liberates this heritage art from the regional confines and creates a fusion of diverse artistry from Leh-Ladakh, Delhi and Varanasi.

Hence both statements are correct.