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.