: KVIC turnover reaches it nearly Rs 90,000 cr in FY 20 #FinanceIndia #StockMarketNEWS KVIC turnover reaches ti nearly Rs 90,000 cr in FY 20 New Delhi, May 9 (KNN) The Khadi and Village Industries Commission

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KVIC turnover reaches it nearly Rs 90,000 cr in FY 20 #FinanceIndia #StockMarketNEWS
KVIC turnover reaches ti nearly Rs 90,000 cr in FY 20 New Delhi, May 9 (KNN) The Khadi and Village Industries Commission (KVIC) has registered a turnover of close to Rs 90,000 crore in FY20, up 16% from the turnover in FY 19.

Looking at the performance in the last one year, the turnover of Khadi registered a growth of 31% from Rs. 3215.13 crore in 2018-19, to Rs. 4211.26 crore in 2019-20. The turnover of Village Industries products reached to Rs. 84,675.39 crore in 2019-20, registering a growth of over 19% from the previous year, i.e. 2018-19, which was at Rs. 71,077 crore, KVIC said in a statement.

The cumulative turnover of KVIC in the FY20 stood at Rs 88,887 crore.

The production of Khadi which was pegged at Rs. 1066 crore in 2015-16, shot up to Rs. 2292.44 crore in the year 2019-20, registering an increase of over 115 %. The sale of Khadi, on the other hand, stood even higher. The sale of Khadi fabric products increased by 179% from Rs 1510 crore in 2015 -16 to a whopping Rs.4211.26 crore in 2019-20.

"As a result of government’s sustained efforts to revive the Khadi industry and the Prime Minister’s repeated appeals from various platforms including his radio address “Mann ki Baat”, to adopt Khadi as a necessity of daily life, the KVIC has been continuously going up the growth trajectory" KVIC Chairman Vinai Kumar Saxena said in a statement.

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