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Tags: National
Khadi and Village Industries Commission (KVIC) has achieved a significant milestone which remains a distant target for all FMCG companies in India. KVIC has achieved a turnover of Rs 1.15 lakh crore for the first time, which is unprecedented by any FMCG company in the country.
Other important facts:
KVIC is the only company in the country to achieve this feat, which has registered a turnover of Rs 1 lakh crore.
In the financial year 2021-22, the total business of KVIC stood at Rs 1,15,415.22 crore as compared to Rs 95,741.74 crore in the previous year i.e. 2020-21.
Thus KVIC has registered a growth of 20.54 per cent from the year 2020-21 and a huge growth of 172 per cent in the total production in Khadi and Village Industries sectors in 2021-22 as compared to the year 2014-15.
Gross sales increased by more than 248%.
Gross sales have increased by more than 248% during this period. KVIC has achieved this broad business target despite partial lockdown in the country in the first 3 months i.e. April to June 2021 due to the second wave of COVID-19 pandemic.
Reasons for the phenomenal development of Khadi:
Active cooperation of the central government
Innovative schemes, creative marketing ideas and active support from various ministries have also fueled the growth of Khadi in recent years.
The Prime Minister's repeated appeals to achieve self-reliance by promoting "Swadeshi" and "Khadi" in particular has worked wonders.
KVIC has been able to achieve such a huge growth by employing innovative scientific methods and diversifying the product range of Khadi.
Notably, people have responded enthusiastically to the Prime Minister's call for "Atmanirbhar Bharat" and "Vocal for Local".
Over the years, the main focus of KVIC has been to create sustainable employment for artisans and unemployed youth.
KVIC Chairman : Shri Vinay Kumar Saxena
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