MSME Ministry, Retail News, ET Retail

Lynn Imbier

NEW DELHI: Khadi gross sales contracted by sixteen per cent 12 months-on-12 months to Rs three,527.71 crore in 2020-21, as spinning and weaving actions across the region impacted due to the COVID-19 pandemic, the MSME ministry mentioned on Thursday. The all round manufacturing in the Khadi sector also declined to […]

NEW DELHI: Khadi gross sales contracted by sixteen per cent 12 months-on-12 months to Rs three,527.71 crore in 2020-21, as spinning and weaving actions across the region impacted due to the COVID-19 pandemic, the MSME ministry mentioned on Thursday.

The all round manufacturing in the Khadi sector also declined to Rs one,904.forty nine crore in 2020-21, as as opposed to Rs 2,292.forty four crore in 2019-twenty, it added.

The manufacturing and gross sales in the Khadi sector, even so, a little bit declined as spinning and weaving actions across the region took a important hit in the course of the pandemic, the ministry mentioned.

“The all round manufacturing in the Khadi sector in 2020-21 was recorded at Rs one,904.forty nine crore as as opposed to Rs 2,292.forty four crore in 2019-twenty, even though the all round Khadi gross sales stood at Rs three,527.71 crore as as opposed to Rs four,211.26 crore in the past 12 months,” it added.

On the other hand, the ministry mentioned, Khadi and Village Industries Fee (KVIC) has recorded a gross once-a-year turnover of Rs ninety five,741.seventy four crore in 2020-21 as versus Rs 88,887 crore in 2019-twenty.

The manufacturing actions remained suspended for more than three months in the course of the nationwide lockdown declared on March 25 very last 12 months.

“For the duration of this interval, all Khadi manufacturing units and gross sales shops much too remained shut, which severely afflicted the manufacturing and gross sales,” the ministry mentioned.

Compared to the manufacturing truly worth Rs sixty five,393.forty crore in 2019-twenty, the output in the village industry sector increased to Rs 70,329.sixty seven crore in 2020-21. Likewise, in 2020-21, the gross sales of village industry items stood at Rs 92,214.03 crore as as opposed to Rs 84,675.29 crore in 2019-twenty.

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