Home / Knowledge / News / Textiles / India plans to take khadi turnover to ₹2 trn in 5 years

India plans to take khadi turnover to ₹2 trn in 5 years

Dec '19
Pic: Shutterstock
Pic: Shutterstock
India plans to take khadi and village industries turnover to ₹2 trillion in the next five years from ₹75,000 crore at present, minister for micro, small and medium industries (MSME) Nitin Gadakri said recently. He urged the industry to expand its share in global trade to about 10 per cent in the wake of China facing rising costs and difficulties.

He was addressing the 92nd annual convention of the Federation of Indian Chambers of Commerce and Industry (FICCI).

He said the infrastructure and MSME sectors have the potential to help India turn a $5-trillion economy, according to an official release.

“China has a good record in trade business and accounts for 17 per cent of the global exports. Our share is barely 2.6 per cent. We have an opportunity to take it to 8 to 10 per cent... especially when China is facing difficulties at present besides increase in costs. We should eye at increasing our share,” he said.

He said he was saddened to see India importing commodities like coal and newsprint despite having huge dry-fuel reserves and scope of indigenous production.

“It is a matter of concern that we have capacity to export huge coal but we are importing it. Coal can be transported from Paradip port to Kandla for power plants in the Western region. This will bring down power prices by 35 to 40 paise per unit,” Gadkari said.

Fibre2Fashion News Desk (DS)

Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jan 2020

Uzbekistan to phase out state monopoly in cotton trading

Uzbekistan will gradually reduce the state's role in cotton trading,...

Pic: Shutterstock

Textiles | On 24th Jan 2020

Indian FDI to reach $9b in future: Bangladesh minister

Foreign direct investment (FDI) from India to Bangladesh will likely...

Pic: Shutterstock

Textiles | On 24th Jan 2020

Union Budget 2020-21: Boosting the economy with reforms

There is high anticipation from Union Budget 2020-21. The industry is ...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Rahuul Jashnani, Jashn

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Sonia Agarwal, Whitenife

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Justin Gutierrez, INDA

Justin Gutierrez

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search