Lakshadweep Development Corporation, a registered organisation
under Companies Act 1956, has been set up under the auspices
of the Island Development Authority for developing the
economic and commercial activities of the islands. This
has taken over the Tuna Canning Factory at Minicoy and
augumented its installed capacity which is 3 lakh canns
per annum. A Desiccated Coconut Powder unit has been started
at Kadmat and Commercial production started from 1.4.93.
The average annual production of Desiccated Coconut is
60 tonnes. The Corporation is also diversifying this unit
to produce Coconut Oil also. Marketing of Coir products
produced by the Department of Industries has been taken
over by the Corporation and is now able to fetch better
prices than earlier. Jaggery, Vinegar and Coconut nursery
unit had been set up at Kalpeni and Andrott respectively.
A Masmin and fish meal unit was established at Agatti
to produce masmin and utilise the bye-product as fish
meal for poultry consumption. The annual installed capacity
is 100 tonnes of masmin and 30 tonnes of fish meal. The
annual turn over is estimated to be Rs. 90.00 lakhs from
Tuna Canning Factory, Rs. 93.00 lakhs from masmin and
fish meal unit at Agatti and Rs.24.00 lakhs from Desicated
Coconut Powder unit at Kadmat.