Khadi Commission invests Rs 5.5 crore on equipment to boost production

Khadi and Village Industries Commission (KVIC) has invested Rs 5.5 crore to purchase solar charkas, solar looms in order to increase the production on the khadi fabric in the country.
 

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KVIC currently produces 125.22 million metres of khadi across the country and expects this investment to increase production by 7-9 percent producing a mixed bag of cotton, silk and wool by the end of FY18.
 
The khadi fabric has been in demand after leading Indian apparel brands like Raymond, Allen Solly, Aditya Birla Fashion Retail (ABFR) have entered into a partnership to purchase the khadi fabric for their exclusive khadi brands.
 
The increase in production has also resulted in boost in sales as in 2016-17, KVIC’s reported sales worth Rs 2,005 crore (approx $313.4 million) compared to around Rs 1,520 crore (approx $238 million) in the previous fiscal. The commission has set a sales target of Rs 5,000 crore (approx $782 million) for fiscal 2018-19.
 
“The initiative not just adds on to the production of Khadi textile but also restores certain places of historical relevance and empowers women of various backward areas with an opportunity of sustainable income,” Vinai Kumar Saxena, Chairman at KVIC was quoted as saying by a news agency.
 
The Khadi and Village Industries Commission (KVIC) under the Indian ministry of micro, small and medium enterprises (MSME) is also planning to open its outlets abroad by the start of 2018.
 
 
 
 

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