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Khadi to cross Rs.5,000 crore Sales Mark in FY18

Riding high on the upsurge in demand for khadi products, Khadi and Village Industries Commission (KVIC) expects to surpass the sales target of Rs.5,000 crore by the end of 2017-18. “The sale of khadi products has recorded a quantum jump. We are getting good orders from the government. We will achieve the sales target of […]

Khadi To Cross Rs.5,000 Crore Sales Mark In FY18
Quick Industry Summary
AI
OpportunityKVIC's strong domestic growth and new export focus signal significant market expansion.

Khadi's Export Push: New Global Market Opportunity for Indian Textiles

  • WHAT: KVIC expects to surpass Rs.5,000 crore sales target by end of 2017-18, driven by strong domestic demand.
  • WHO: Spinners, weavers, and garment manufacturers specializing in khadi or natural fibers will benefit from increased production and export demand.
  • IMPACT: Increased demand and export initiatives will likely boost khadi production volumes and potentially raw material prices.
  • CONTEXT: This aligns with the global trend towards sustainable, artisanal, and natural fiber products, enhancing India's ethical fashion appeal.
  • ACTION: Professionals should explore partnerships with KVIC, invest in khadi production capabilities, and monitor emerging export channels.
Affects:ManufacturersExportersSpinners & Yarn ProducersWeavers & Fabric MillsGarment ManufacturersSourcing ManagersBrand OwnersInvestors
KhadiSustainable TextilesIndian ExportsArtisanal ApparelNatural FibersKVIC
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Riding high on the upsurge in demand for khadi products, Khadi and Village Industries Commission (KVIC) expects to surpass the sales target of Rs.5,000 crore by the end of 2017-18.

“The sale of khadi products has recorded a quantum jump. We are getting good orders from the government. We will achieve the sales target of Rs.5,000 crore by the end of 2017-18,” Vinai Kumar Saxena, chairman of KVIC said.

“The KVIC is also setting up export cells to promote overseas sales of the products. There is a good demand in the countries like the US and UK. Currently, we are not doing direct exports but now we will start. It will help in making khadi an international brand,” Saxena added.

Further to improve the quality and sales of products, KVIC is regularly organising training programmes for spinners and weavers in areas like designing and marketing.

Sales of khadi goods shot up by about 29 per cent to Rs.1,510 crore in 2015-16. Overall sales of both khadi and village industries have jumped over 14 per cent to Rs.37,935 crore in 2015-16.

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