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With reference to the Coir Industry, consider the following statements:
1. India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.
2. Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Coir Industry, consider the following statements...
Union Minister for MSME Narayan Rane has called for developing Coir Industry in Konkan, North and North-Eastern region of the country and expand the market network. Konkan region has great opportunities for development of Coir Industry, as its coastal areas have good coconut crop.
  • Union Minister for MSME Narayan Rane informed that India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.
  • Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women
  • Acceptability of Coir products has increased rapidly due to its 'environment friendly' image. During the year 2020-21, the export of coir and coir products reached the level of Rs 3778.97 crore, with a growth rate of 17% in quantity and 37% in value, despite COVID adversities.
Significance
  • Coir Industry is a traditional, labor intensive, agro-based and export oriented industry.
  • The industry converts waste into wealth as the raw material used is throw away waste.
Hence both statements are correct.
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With reference to the Coir Industry, consider the following statements:1. India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.2. Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Coir Industry, consider the following statements:1. India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.2. Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Coir Industry, consider the following statements:1. India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.2. Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Coir Industry, consider the following statements:1. India contributes 70% of the global production of Coir and 80% of the world trade in Coir products.2. Coir industry provides employment to more than 7.3 lakh people in rural areas, 80% of which are women.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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