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Sale of Khadi products rises 33% to Rs 2,005 crore in FY17

IBEF:  May 02, 2017

New Delhi: The sale of khadi products rose 33 per cent year-on-year to Rs 2,005 crore (US$ 312 million) in 2016-17, as against a sale of Rs 1,510 crore (US$ 235.2 million) a year ago. The Khadi and Village Industries Commission (KVIC) expects the sales to exceed its target of Rs 5,000 crore (US$ 779 million) in 2018-19. The KVIC is setting up export cells to promote overseas sales of the products. The overall sales of khadi and village industries grew 24 per cent to around Rs51,996 crore (US$ 8.1 billion) in 2016-17, and the production increased by 23 per cent to Rs 42,506 crore (US$ 6.62 billion) during the year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.