CURRENT AFFAIRS

Detailed explanation-1: -Union Minister for MSME Shri Narayan Rane and Minister of State for MSME Shri Bhanu Pratap Singh Verma along with other State Ministers and senior officials inaugurated the ‘Enterprise India National Coir Conclave 2022’ being organised under the “Azadi ka Amrit Mahotsav” at Coimbatore, Tamil Nadu.

Detailed explanation-2: -Coir Board is a statutory body established by the Government of India under a legislation enacted by the Parliament namely Coir Industry Act 1953 (45 of 1953) for the promotion and development of Coir Industry as well as export market of coir and coir products in India as a whole.

Detailed explanation-3: -But time shifted, and old trends did revive as Govt of India set up coir board in 1954 under an Act of Parliament viz, Coir Industry Act, 1953 (45 of 1953) for the development of coir industry in India and for the promotion of domestic as well as export markets of coir and coir products.