Despite stalled productions during the early months of covid outbreak, India’s freedom fabric records its highest ever turnover of Rs 95,000cr in last fiscal year, registering a growth of 7.71 over Fiscal year 2020.
After launching a welter of products in apparel, footwear and organic sector, the village industry is witnessing a phenomenal growth for the last couple of years. The Swadeshi Movement in India seems to have given a tremendous thrust to the nation’s Khadi Industry.
The Khadi and Village Industries Commission (KVIC) registered a turnover of more than Rs 95,000 crore in the previous fiscal year, its highest ever, it said on Thursday. Turnover stood at Rs 95,741.74 crore, a growth of 7.71% over FY20, when turnover was Rs 88,887 crore, KVIC said in a statement.
According to Vinai Kumar Saxena, chairman of KVIC, the numbers are up despite production coming to a halt for nearly three months due to the outbreak of Covid-19. “During this period, KVIC’s main focus was to create sustainable employment for artisans and unemployed youth.”
“Faced with economic distress, a large number of youths took up self-employment and manufacturing activities which increased production in the village industry sector,” Saxena added.
Employing over 6 lakh workers, Khadi India decided to turn the pandemic into an opportunity and focused on the production of khadi face masks on war-footing and it emerged like a trailblazer as people keenly look towards adopting Khadi face masks as alternatives to the regular surgical or COVID masks.
Designed by studio 6158 amidst sun drenched classic Bungalows of Chapel Road, Bandra, the two-storey facade of Mokai stands whimsically spreading its […]