FDI will boost khadi sale: KVIC

Khadi Village Industries Commission (KVIC) has expressed hope that the UPA government's FDI policy will boost khadi sale.

"I personally believe that FDI policy will be profitable in increasing khadi sale in India and abroad," KVIC president Devendra Desai said here.

"Healthy competition would be created in the country with the implementation of FDI policy, which will also help to strengthen the country's economy system and will lead to increase in khadi sale," Desai said while announcing rebate on khadi from tomorrow to March end next year.

Presently, Khadi export is around Rs 70 crore and KVIC hopes that it would reach around Rs 200 crores as they are organising exhibition-cum-sales in foreign countries, and have got a successful response in France and Brazil.

"KVIC has also tied-up with country's leading designer institutes like ITI-Delhi, NID and NIFT to introduce latest designer clothes," he said.

He appreciated Gujarat government's decision to give 10 per cent rebate on khadi material produced in the state.

The Saurashtra Rachnatmak Samiti has set a target of selling khadi-based products worth Rs six crore in Gujarat, he added.