Khadi beats all FMCG companies in terms of turnover by cloaking Rs 1 lakh crore in 2021-22
Khadi and Village Industries Commission (KVIC) has clocked a turnover of Rs 1.15 lakh crore in FY 2021-22, registering a growth of 20.54% from the previous financial year. In the last 8 years, the production in Khadi sector has increased by 191%, while its sales have increased by 332%.
Attributing Khadi’s phenomenal growth to the support of the Prime Minister Narendra Modi, KVIC Chairman Vinai Kumar Saxena said, “The repeated appeals of Prime Minister to achieve self-reliance by promoting “Swadeshi” has done wonders and Khadi stands far ahead of all FMCG companies and that KVIC has succeeded in achieving such massive growth which no other FMCG company can match.”
KVIC’s main focus in the last couple of years has been to create sustainable employment for the unemployed youth and artisans, a large number of whom took up self-employment and manufacturing activities under PMEGP. It is due to Prime Ministers’ appeal to buy swadeshi products, the production in the village industry sector has grown and the sales of Khadi also grew significantly. Notably on 30th October 2021, Khadi’s single-day sale at its flagship store at Connaught Place in New Delhi reached the all-time high of Rs 1.29 crore.
