Record 77% increase in sales of TRIFED

Image
Capital Market
Last Updated : Apr 27 2018 | 4:04 PM IST
Due to the massive drive of scaling up the retail marketing activities by TRIFED, the value of Sales has increased from Rs. 11.37 crores in 2016-17 to Rs.20.08 Crores (provisional) during 2017-18,a record increase of 77% and a record sale in the history of TRIFED.

On the sourcing front, TRIFED has made purchases to the tune of Rs. 15.86 Crores (provisional) during FY 2017-18 as compared to Rs.5.95 Crores during FY 2016-17 through its empanelled tribal suppliers/artisans, which is also an increase of 166% over the last financial year.

The increase in procurement has resulted in enhancement of benefit to tribal artisans in terms of employment generation opportunities for 712 suppliers which helped create livelihood opportunities for around 70,000 tribal families during 2017-18 vis-vis 585 suppliers with around 57,500 tribal families during 2016-17 & increase of value of stocks to the extent of 166% purchased from them over the last year.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 27 2018 | 1:00 PM IST

Next Story