MSME Minister Narayan Rane calls for development of coconut industry in Konkan, North and Northeast region

Sep 27, 2021 10:00 PM STI

New Delhi [India], September 27 (ANI): Union Minister for Micro, Small and Medium Enterprises (MSME) Narayan Rane called for the development of the coconut industry in Konkan, in the North and North-East region of countries and expand the market network, according to a statement from the Ministry of Micro, Small and Medium Enterprises on Monday.
Addressing the 238th Coconut Council meeting in Kevadia, Gujarat on Monday, Rane said, “The Konkan region offers great opportunities for the development of the coconut industry as its coastal areas have a good harvest. of coconut. India contributes 70% of world coconut production. and 80 percent of world trade in coconut products. The coconut industry provides jobs for over 7.3 lakh people in rural areas. “
“The acceptability of coconut products has grown rapidly due to its ‘environmentally friendly’ image. During the year 2020-21, exports of coir and coconut products have increased. reached the level of Rs 3778.97 crore, with a growth rate of 17% in quantity and 37% in value, despite the adversities of COVID, “he added.

The minister said the coconut industry is a traditional, labor-intensive, agriculture-based and export-oriented industry.
“Industry transforms waste into wealth because the raw material used is waste. The government is committed to promoting the growth and development of the MSME sector, including Khadi, Village and Coir Industries. MSMEs do not only play a crucial role in job creation. opportunities at investment costs comparatively lower than those of large industries, but also contribute to the industrialization of rural and backward areas, thereby reducing regional imbalances and ensuring a more equitable distribution of national income and wealth, ”said Rane.
“MSMEs are complementary to large industries as auxiliary units and this sector contributes enormously to the socio-economic development of the country,” he added. (ANI)

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