India : KVIC expects to cross khadi sales target of Rs 5,000cr

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Home / Knowledge / News / Textiles / KVIC expects to cross khadi sales target of Rs 5,000cr

KVIC expects to cross khadi sales target of Rs 5,000cr

08
Nov '16

Khadi and Village Industries Commission (KVIC) expects to cross its sales target of Rs 5,000 crore by the end of the current fiscal, driven by a surge in demand for khadi products. Sales of khadi goods have recorded a quantum jump in the current fiscal, the reason for the optimism, while also soaring 29 per cent to Rs 1,510 crore in the previous fiscal.

Speaking to a new agency, KVIC chairman Vinai Kumar Saxena said that they were getting good orders from the government and will achieve their target of Rs 5,000 crore in fiscal 2017.

According to Saxena, good demand for khadi products is being generated in countries like the UK and US, although they are not exporting directly.

“But seeing the growing demand, we will start direct exports and also set up export cells to promote overseas sales of khadi products,” he added. (AR)

Fibre2Fashion News Desk – India

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