Khadi India clocks unprecedented turnover riding on self-reliance
As Indian government is increasingly harping on becoming self-reliant, India’s Khadi products (hand-woven products) are gaining more popularity among the youth.
Prime Minister Narendra Modi said Khadi can become a source of inspiration for achieving the dream of developed and Atmanirbhar Bharat.
“History has seen that a thread of khadi became a source of inspiration for the freedom struggle and broke the chains of slavery. In the same way a thread of Khadi can be a source of inspiration to fulfil the pledge of making India a developed nation, to achieve the dream of Atmanirbhar Bharat (self-reliant India),” he said in his speech.
Khadi commands a sentimental value for Indians. It symbolizes the need and importance of indigenous manufactured goods.
According to a statement, Khadi and Village Industries Commission (KVIC) has exceeded the turnover of the best FMCG companies in India. KVIC has, for the first time, clocked a massive turnover of Rs 1.34 lakh crore in 2022-23. In 2013-14, the turnover of Khadi and Village Industries (KVI) products was Rs 31,154 crore. “There has been an unprecedented growth of 332 per cent in the sale of indigenous Khadi products made by artisans from 2013-14 to 2022-23.
Among the different KVI products, there has been unmatched growth in the production of Khadi fabrics in the last 9 years. (ANI)
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