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Khadi industry likely to cross Rs 10k cr turnover in 5 yrs
Mumbai, Aug 23 (IANS) The khadi industry in India is expected to cross Rs 10,000 crore turnover in the next five years, Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena said on Thursday.
The target for this year is set at Rs 5,000 crore, he told IANS.
"In a time when the world is moving towards automation, khadi is one of the few handcrafted products. In the future, only khadi will survive and nothing else," Saxena said at the Lakme Fashion Week Winter/Festive edition being held here.
The Day 3 of the week-long fashion event was dedicated to sustainable fashion where designers showcased their collection made out of sustainable fabrics. Three designers namely Anuj Bhutani, Pallavi Dhyani and Gaurav Khanijo collaborated with KVIC to create sustainable fashion wears that were showcased on the ramp.
Saxena said that the khadi industry has seen an average growth of 28 per cent in the last four years as compared to the growth rate of 6.18 per cent in 2004-2014.
"Cloth mills are producing 12,000 metres in a day but khadi which is handspun is produced only 12 metres. Despite that, from Rs 889 crore turnover in 2004-2014, we have reached Rs 3,215 crore turnover in just four years. There has also been a change in the production pattern. Till 2014, the total production of khadi was 103. 66 million square metre but in four years we have jumped 70 per cent," he told IANS.
To protect khadi which is a "heritage" of India, many designers have come on board and joined the movement, he said, which will make the industry thrive in future. Expanding the colour palette, westernizing the cuts, and creating new trends in itself, the Khadi fabric has transcended itself as a sustainable fabric of the Future, he said.
"Khadi has become a stylish narrative that is now popularly embraced by designers. A versatile fashion fabric, khadi has been used as a tool to navigate India through its hard-won independence.