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The Khadi and Village Industries Fee (KVIC) reached a document turnover of Rs 1.15 lakh crore in 2021-22, rising at a charge of 20.54 per cent from the earlier yr, the federal government mentioned on Saturday.
KVIC has achieved a top that was a distant objective for all FMCG corporations in India, in keeping with the MSME ministry.
“Due to the fixed assist of Prime Minister Narendra Modi, KVIC has, for the primary time, clocked an enormous turnover of Rs 1.15 lakh crore, which is unprecedented by any FMCG firm within the nation. This makes KVIC the one firm within the nation to have recorded a turnover of Rs 1 lakh crore,” the assertion mentioned.
KVIC’s general turnover within the final fiscal yr was Rs 1,15,415.22 crore in comparison with Rs 95,741.74 crore in 2020-21. Due to this fact, KVIC has grown by 20.54 per cent from 2020 to 2021.
“In comparison with the yr 2014-15, the general manufacturing in Khadi and Village Business sectors in 2021-22 has registered a whopping development of 172 per cent whereas the product sales throughout this era elevated by over 248 per cent,” the ministry mentioned.
KVIC has seen an enormous turnover regardless of a partial lockdown in April-June 2021 attributable to the second wave of the pandemic. The Khadi sector grew 43.20 per cent in FY22 from Rs 3,528 crore in 2020-21. From 2014 to 2015, the Khadi sector manufacturing in 2021-22 elevated by 191 per cent, whereas the Khadi gross sales elevated by 332 per cent. A turnover of Rs 1,10,364 crore was generated by the village industries sector alone in 2021-22, in contrast with Rs 92,214 crore the yr earlier than. Manufacturing within the sector grew by 172 per cent within the final 8 years, whereas gross sales rose by 245 per cent in 2021 – 2022.
Vinai Kumar Saxena, Chairman of KVIC, credited Khadi’s phenomenal development to Prime Minister Narendra Modi’s fixed efforts to advertise Khadi within the nation.
In the meantime, the Khadi has grown because of progressive advertising and marketing concepts, artistic schemes, and lively assist from a wide range of ministries, he mentioned.
“Prime Minister’s repeated appeals to attain self-reliance by selling “Swadeshi” and notably “Khadi” has performed wonders,” Saxena identified. KVIC is below the executive management of the Ministry of Micro Small and Medium Enterprises.
(With Inputs from PTI)
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