The MSME Ministry said that the Khadi and Village Industries Commission (KVIC) has posted a record turnover of Rs 1,15 lakh crore in 2021-22, growing at a rate of 20.54 percent compared to the previous year. KVIC has achieved a target that was a distant goal for all Fast-moving consumer goods (FMCG) companies in India.
The ministry in a statement released said, “Thanks to the constant support of Prime Minister Narendra Modi, KVIC has, for the first time, clocked a massive turnover of Rs 1.15 lakh crore, which is unprecedented by any FMCG company in the country. This makes KVIC the only company in the country to have recorded a turnover of Rs 1 lakh crore.”
It further added, “Compared to the year 2014-15, the overall production in Khadi and Village Industry sectors in 2021-22 has registered a whopping growth of 172 percent while the gross sales during this period increased by over 248 percent.”
