IBEF: August 22, 2019
The Khadi and Village Industries Commission (KVIC) announced its turnover that has crossed Rs. 74,323 crores (US$ 10.33 billion) in 2018-19 with the sale of Khadi products seeing a growth of over 145 per cent since 2014-15.
According to the statement issued by the KVIC, the Khadi production, which was Rs 879.98 crore (US$ 120 million) in 2014-15, rose to Rs 1,902 crore (US$ 260 million) in 2018-19, an increase of more than 100 per cent, and its sales witnessed a growth of over 145 per cent, from Rs 1,310.9 crore (US$ 180 million) in 2014-15 to Rs 3,215.13 crore (US$ 440 million) in 2018-19.
The Village industries touched a turnover of Rs 71,123.68 crore (US$ 9.88 billion) in 2018-19 in comparison to Rs 31,965.52 crore (US$ 4.44 billion) in 2014-15, with a growth rate of 123 per cent.
Khadi fabric production has made an average jump of 62 per cent in the last five years, that is, from 103.22 million square metres in 2014-15 to 170.80 million square metres in 2018-19. In the fiscal 2014-15, the share of Khadi in total textile production was 4.23 per cent, which, in the year 2018-19, has increase up to 8.49 per cent.
The KVIC had delivered over 32,000 new model charkhas (spinning wheels) and 5,600 modern looms in last three years, of which effect is seen as an increase in the Khadi production.
During this duration, 376 new Khadi institutions have been introduced, alongside with over 40,000 new Khadi artisans. The KVIC has also generated employment through Khadi in the farthest parts of the country such as Leh, Ladakh, the Kaziranga forest, the Sundarbans in West Bengal etc.
First time textile corporates like Raymonds, Arvind Mills and Aditya Birla Textiles have entered in Khadi sector for marketing and increase Khadi sales.
The KVIC also took major PSUs into the Khadi-fold for purchasing Khadi gift coupons for their employees, which has given business of over Rs 100 crore (US$ 14 million).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.