Jan 3, 2019
Khadi sales jump 32 percent in 2018
Jan 3, 2019
Khadi and Village Industries Commission (KVIC) had a terrific year in 2018 as it not only managed to popularise khadi across the country but also witnessed strong sales during the year.
Khadi sales for the calendar year 2018 jumped 32 percent to Rs 2,510 crore (approx $358.6 million) lifted by the increase in the fabric production by at least 40 percent. The Khadi fabric production rose by 38.30 million square meters to 142 million square meters from 103 million square meters.
"In the FY 2017-18, the sale of Khadi has grown to Rs 2,510 crore, i.e. 26 percent up with respect to Rs 2,007 crore in FY 2016-17. But if we consider the calendar year we have recorded 32 per cent sales in 2018," said Vinai Kumar Saxena, chairman at Khadi and Village Industries Commission (KVIC).
KVIC’s plans to take khadi to the global markets also received a major boost during the year as the organisation managed to exhibit khadi products in over 10 different countries.
"Khadi was also the theme-line during the National Day event of Montenegro. We did exclusive exhibitions in 10 different countries on 15th August of the year gone by displaying to the world the most niche products supplied by the KVIC," Saxena added.
KVIC has been expanding its khadi stores across India and expected to strengthen its presence in cities like Chennai, Varanasi, and Ahmedabad in the coming months. It is looking at touching a sales target of Rs 5,000 crore (approx $689 million) by the end of the fiscal year 2018-19.
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