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  • DAILY CURRENT AFFAIRS:Khadi surpasses all FMCG companies in terms of business in India

Khadi surpasses all FMCG companies in terms of business in India

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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