Friday, 22 May 2020

Khadi and Village Industries clocks Rs. 89,000 crore turnover in FY20

The wide acceptance of “BrandKhadi” in India has jacked up the production and sales of Khadi products.  While the production of Khadi, the most eco-friendly product of sustainable development, has more than doubled in the last five years, i.e. since 2015-16, the sales of Khadi has gone up by nearly three times during the same period.
Similarly, the village industry sector has also seen a phenomenal growth with production and sale going up by nearly 100% in the last five years. The Khadi and village industries sector does not just add to economic growth but also creates huge employment at the doorstep of villages.
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 Rs. 84,675.39 crore in 2019-20, registering a growth of over 19% from the previous year i.e. 2018-19, which was 71,077 crore.
The total Khadi and Village Industries turnover in the year 2019-20 reached a whopping Rs. 88,887 crore.
In terms of production, the village industries (VI) products worth Rs. 65,393.40 crore were produced registering a growth of 96% in 2019-20.
Besides the Khadi apparels, a wide range of Village Industry products such as cosmetics, soaps and shampoos, Ayurvedic medicines, honey, oils, tea, pickles, papads, hand sanitizers, confectionary, food items and leather items too have attracted a large number of consumers across the country and abroad.

Further, in the Village industry sector, KVIC boasts of more than 150 products with in-house capacity of excellence in the fields like bee keeping, pottery and bakery.
Press Information Bureau, Government of India
CBIC

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