KVIC in Talks with In­dian Rail­ways to Start Khadi Ex­press

Apparel - - Market Watch -

Khadi and Vil­lage In­dus­tries Com­mis­sion (KVIC) is ne­go­ti­at­ing with the In­dian Rail­ways to start a ‘Khadi Ex­press’ train to boost khadi sales across the coun­try. The pro­duc­tion of khadi fab­ric has grown 37 per cent in the coun­try over the last few years. KVIC is also plan­ning to start a spe­cial five-bo­gie Khadi Ex­press train which would ex­hibit and sell Khadi prod­ucts.

Khadi fab­ric pro­duc­tion has in­creased by 38.30 mil­lion sq. m to 142 mil­lion sq. m from 103 mil­lion sq. m in the last four years. The in­crease in pro­duc­tion has also lead to a 25 per cent in­crease in rev­enue to R2,503 crore (ap­prox US$354.2 mil­lion) in fis­cal year 2017-18 from R811 crore in 2014-15.

KVIC has been ex­pand­ing its Khadi stores across In­dia and has added close to 326 new Khadi In­sti­tu­tions in the last two years. It is look­ing to touch a sales tar­get of R5,000 crore by the end of 2018-19.

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