India's KVIC exceeds turnover of ₹1 lakh cr in FY22

Compared to the year 2014-15, the overall production in khadi and village industry sectors in 2021-22 has registered a growth of 172 per cent while the gross sales during this period increased by over 248 per cent. This turnover of KVIC has come despite partial lockdown in the country in the first 3 months in 2021, the ministry of micro, small and medium enterprises said in a media release.

The khadi sector has registered a growth of 43.20 per cent from ₹3,528 crore in 2020-21 to ₹5,052 crore in 2021-22. In the last 8 years, i.e. from 2014-15, the production in the khadi sector in 2021-22 has increased by 191 per cent, while the khadi sales have increased by 332 per cent.

On the other hand, the turnover in the village industries sector has reached ₹1,10,364 crores in 2021-22, as compared to ₹92,214 crore in the previous year.

KVIC chairman, Vinai Kumar Saxena attributed khadi’s growth to the constant support of Prime Minister Narendra Modi to promote khadi in the country. At the same time, innovative schemes, creative marketing ideas and active support from various ministries have also added to khadi’s growth in recent years. “By employing new scientific methods and diversifying khadi’s product range, KVIC has succeeded in achieving such massive growth which no other FMCG company can match," he said.

In the last couple of years, KVIC’s main focus has been to create sustainable employment for artisans and unemployed youth.

Fibre2Fashion News Desk (KD)