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Kerala State Cashew Development Corporation Limited

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KSCDC
Company typePublic Sector Corporation
IndustryCashew Products
FoundedJuly 1969
by P. Ravindran
HeadquartersMundakkal,
Kollam, Kerala
Area served
Kerala
Key people
S. Jayamohan
Chairman
T. F. Xaviour
managing director
K Babu
Director[1]
RevenueRs. 2.50 billion
Number of employees
1500
Websitecashewcorporation.com

The Kerala State Cashew Development Corporation Limited or KSCDC is a model employer in the field of cashew industry mainly to protect the interest of workers and to provide maximum employment to its workers and to give statutory benefits like minimum wages, bonus, etc. prevailing in the cashew industry. It is headquartered in Kollam city, called "Cashew Capital of the World".[2] The head office is situated at Cashew House, Mundakkal in Kollam City, Kerala. KSCDC was incorporated in July 1969 and started Commercial activities in the year 1971 as a company fully owned by the Government of Kerala.[3] Corporation has now more than a turn over of Rs. 2.50 billion. A Central Export Promotion Council for Cashew, Cashew Export Promotion Council of India (CEPCI) is situated at Kollam city.[4]

KSCDC Headquarters(Cashew House) in Mundakkal, Kollam city

Cashew Business in Kollam

The industry provides livelihood for about 6–700,000 of employees and farmers, the cashew industry has national importance. In Kollam district alone there are more than 250,000 employees directly involved in the industry, which comes about 10 per cent of the population of the district, out of which 95 per cent are women workers. Kollam is very famous for its traditional Cashew business.[5] More than 600 Cashew Processing Units are there in Kollam. About 800,000 tonnes of raw cashews are imported to Kollam for processing every year.[6] An average of 130,000 tonnes of processed cashews are exported from Kollam to various countries like United States, UAE, Netherlands, Japan, Saudi Arabia, Spain, Germany, Belgium, Singapore, Italy, Greece, Australia, Kuwait, Egypt, Turkey, Jordan, Canada, Thailand, Russia, Norway, Syria, and Hong Kong every year.[7] That is why Kollam is known as the Cashew Capital of the World.[8] CEPCI is expecting a rise in export, i.e. 275,000 tonnes by 2020, a growth of 120 per cent over the present exports.[9]

Influence of KSCDC over Kerala's Cashew Business

To increase the production of indigenous raw nuts, Kerala State Cashew Development Corporation has started Cashew plantations in the State. Corporation has also introduced four value added cashew products in the market.[10] They are regularly signing consignments for more than 6,000 tonnes of raw cashew nut from Guinea-Bissau etc. They are running more than 30 Cashew Processing Factories in Kerala state. Government of Kerala has chartered a vessel between Vallarpadam Terminal and Kollam Port by signing into an agreement with Indian Rare Earths Limited (IREL), Kerala State Cashew Development Corporation, Kerala Minerals and Metals Ltd and various other cashew importers and business giants based out of Kollam city for moving their cargo.[11]

District No.of KSCDC Owned Cashew Factories
Kollam district 24
Alappuzha district 3
Thiruvananthapuram district 1
Thrissur district 1
Kannur district 1

References

  1. ^ "DIRECTOR BOARD – KSCDC". Cashewcorporation.com. Govt of Kerala. Retrieved 17 November 2016.
  2. ^ [1] Archived 20 October 2014 at the Wayback Machine Kollam Cashew Organizations – KSCDC, CEPCI
  3. ^ [2] KSCDC, Kollam
  4. ^ [3] Cashew Industry Set to Feel the Pinch
  5. ^ [4] CASHEW INDUSTRY IN KERALA PROBLEMS AND POTENTIALS – Thesis to CUSAT
  6. ^ "Archived copy". Archived from the original on 22 October 2014. Retrieved 14 November 2014.{{cite web}}: CS1 maint: archived copy as title (link) Online Customs Clearance Facility for Kollam Port to be ready in a month
  7. ^ [5] Rise in earnings from cashew kernel exports – The Hindu
  8. ^ Kollam, Ashtamudi Lake – great alternatives to Kochi, Vembanad Lake
  9. ^ [6] CEPCI – Kollam
  10. ^ [7] Kollam city – Cashew
  11. ^ [8] Kerala to charter first vessel for Coastal Shipping by month-end
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