The State achieved remarkable surge in the number of new MSME units established in 2023-24. A total of 1, 03,596 new MSME units were set up in 2023-24 with investment of Rs.7, 048.65 crore. These units have created employment opportunities for 2,18,179 individuals, marking a sustainable expansion in the MSME sector. The details of new MSME units for the last five years are given below:
Achievement in MSME sector, 2018-19 to 2023-24 (As on March 31, 2024)
|
Year
|
No. of MSME units
|
Investment
(in Rs crore)
|
Employment
(in number)
|
2018-19
|
13826
|
1321.94
|
49068
|
2019-20
|
13695
|
1338.65
|
46081
|
2020-21
|
11540
|
1221.86
|
44975
|
2021-22
|
15,285
|
1,535.09
|
56,233
|
2022-23
|
1,39,839
|
8,421.63
|
3,00,051
|
2023-24
|
1,03,596
|
7,048.65
|
2,18,179
|
Total
|
2,97,782
|
20,888
|
7,14,587
|
Source: Directorate of Industries and Commerce
|
The number of new MSME units and employment provided for the last two years is shown below:
Number of new Micro, Small and Medium units and employment created in MSMEs in 2022-23 & 2023-24

In 2023-24, the district with the largest numbers of new MSME units was Ernakulam (10,437 units) with an investment of Rs 1,013.77 crore, generating 25,387 employment opportunities, followed by Malappuram (10,142 units) with an investment of Rs 742.14 crore generating 23,529 employment opportunities and Thiruvananthapuram (10,056 units) with an investment of Rs 518.62 crore providing employment to 19,550 persons. Wayanad (2,782 units) had the lowest number of new enterprises (2782 units) with an investment of 212.18 crore generating employment for 6,004 persons. The district-wise details of new MSME units started in Kerala in 2023-24 is given below:
District wise details of new MSME units started in Kerala during 2023-24
|
Sl No
|
District
|
No of MSME units
started
|
Total Investment
( `Crores)
|
Employment generated
(Nos)
|
1.
|
Thiruvananthapuram
|
10056
|
518.62
|
19550
|
2.
|
Kollam
|
8330
|
504.44
|
17198
|
3.
|
Pathanamthitta
|
3675
|
197.36
|
7038
|
4.
|
Alappuzha
|
7582
|
434.49
|
14331
|
5.
|
Kottayam
|
6392
|
419.8
|
12367
|
6.
|
Idukki
|
3403
|
247.12
|
7399
|
7.
|
Ernakulam
|
10437
|
1013.77
|
25387
|
8.
|
Thrissur
|
9737
|
615.54
|
19993
|
9.
|
Palakkad
|
9323
|
616.98
|
20365
|
10.
|
Malappuram
|
10142
|
742.14
|
23529
|
11.
|
Kozhikode
|
9614
|
679.15
|
20665
|
12.
|
Wayanad
|
2782
|
212.18
|
6004
|
13.
|
Kannur
|
7854
|
521.65
|
15685
|
14.
|
Kasaragod
|
4269
|
325.41
|
8668
|
Total
|
103596
|
7048.65
|
218179
|
Source: Directorate of Industries & Commerce
|
District wise new MSME units started in Kerala in 2022-23 and 2023-24

The sector-wise growth of MSME units over the last five years reveals an increase in the number of agro and food-based units from 2,582 in 2019-20 to 23,474 in 2022-23. The number of service related MSME units has increased from 4,036 in 2019-20 to 38,006 in 2023-24. The number of units engaged in trade is also significant. The subsector-wise details of MSME units started in the last five years is given below:
Subsector wise details of new MSME units started in Kerala
|
Name of subsector
|
2019-20
|
2020-21
|
2021-22
|
2022-23
|
2023-24
|
Agro and Food- based
|
2,582
|
3,359
|
4297
|
23,474
|
6786
|
Textiles and Garments
|
1,904
|
1276
|
1564
|
14,702
|
1890
|
General /mechanical/light
Engineering
|
1,334
|
989
|
1193
|
1,988
|
549
|
Service Activities
|
4,036
|
2725
|
4097
|
24556
|
38006
|
Wood Products
|
5,32
|
436
|
517
|
1,529
|
688
|
Cement Products
|
3,09
|
233
|
368
|
0
|
0
|
Printing & Allied
|
2,80
|
188
|
198
|
3,795
|
2728
|
Paper Products
|
1,88
|
198
|
234
|
659
|
347
|
Information Technology
|
2,40
|
187
|
348
|
6,091
|
4957
|
Trade activity*
|
-
|
-
|
-
|
48,945
|
43869
|
Others
|
2,290
|
1949
|
2469
|
14101
|
3776
|
Total
|
13,695
|
11,540
|
15,285
|
1,39,840
|
1,03,596
|
Source: Directorate of Industries and commerce
*From 2022-23 onwards the data of trade activity included
|
The top five subsectors together consist of over 80 per cent of the MSME units in the last five years. Trade Activity based units (42.4 per cent), Agro and food based (6.6 per cent) units and Service Activities (36.7 per cent) dominate in MSMEs. Units making plastic containers, gold ornaments, rubber products, handicrafts products are classified as “Others” (3.7 per cent). Textiles and garments (1.8 per cent), Information Technology (3.7 per cent) and General/Mechanical/Light Engineering (1 per cent) are the other leading subsectors. The share of each subsector is given below:
Subsector wise details of new MSME units in 2023-24

Export
Cashew:
India is among the largest cashew producing countries in the world. It employs large number of workers in the farms and factories. India exports cashews to more than 60 countries. As per the Directorate General of Commercial Intelligence and Statistics, the quantity of cashew export from India in 2023- 24 is 46,235 MT and the value is Rs 2,62,021 lakhs. This was 44,948 MT and Rs 2,71,800 lakhs in 2022-23. Cashew cultivation spread along the coastal regions of peninsular India. Kerala has an important role in production, processing, and export of cashew. The export of cashew kernels from Kerala increased to 22,753 MT in 2023-24, from 21,858 MT in 2022-23, registering a positive growth of 4 per cent over the same period last year.
The export of cashew nuts kernel whole and Cashew Nuts Fresh/Dried in Shell together contributes 64,582 Kilograms of export volume and Rs 276,659.4 lakhs value in 2023-24. This was 58,604 Kilograms in 2022-23 with the value of Rs 2,82,044.1 lakhs. The export of cashew items except Cashew nut shell liquid (CNSL), crude & Cashew kernel, broken from India shows an increasing trend in 2023-24.
Export of cashew kernels, 2016-17 to 2023-24, in Rs crore
|
Year
|
Kerala
|
India
|
Share of Kerala
(per cent)
|
|
Quantity (MT)
|
Value
(Rs crore)
|
Quantity (MT)
|
Value
(Rs crore)
|
Quantity
|
Value
|
2016-17
|
38,054
|
2,415.3
|
82,302
|
5,168.8
|
46.2
|
46.7
|
2017-18
|
36,930
|
2,580.4
|
84,352
|
5,871.0
|
43.8
|
44.0
|
2018-19
|
29,062
|
1,892.6
|
66,693
|
4,434.0
|
43.6
|
42.7
|
2019-20
|
30,478
|
1,742.5
|
67,647
|
3,867.2
|
45.1
|
45.1
|
2020-21
|
*23,368
|
NA
|
49,992
|
2,907
|
46.7
|
NA
|
2021-22
|
*24,299
|
NA
|
53,770
|
3,175.2
|
45.2
|
NA
|
2022-23
|
*21,858
|
NA
|
44948
|
2718
|
48.6
|
NA
|
2023-24
|
*22753
|
NA
|
46235
|
2620.2
|
49.2
|
NA
|
Source: Cashew Export Promotion Council of India/* Cochin Port Trust
|
Export of Coir and Coir Products
The export of coir and coir products from India is 12,64,784 MT in volume and Rs 3,992.17 crore in value. This is a 2.85 per cent growth over the previous year’s export of 12,34,855 MT of coir and coir products. The export of coir and coir products from Kerala through Cochin Port showed a declining trend in 2022-23. The quantity exported through Cochin Port in 2022-23 was 1,19,350 MT and recorded a negative growth of 50.42 per cent over the previous year. The export of coir and coir products through Cochin Port in 2021-22 was 2,40,745 MT. Export trend of coir and coir products from India and Kerala is given below:
Export trend of coir and coir products from India and Kerala (through Cochin Port),
2016-17 to 2022-23, quantity in lakh MT
Export of Tea:
Export of tea from Kerala ports in 2022-23 is 68.88 MT worth Rs 1,511.11 crore from 66.86 MT worth Rs 1,515.16 crore in 2020- 21 registering a growth of 3.02 per cent in terms of quantity and (-) 0.27per cent in terms of value. The details are given below:
Export of tea from Kerala ports and India, 2018-22, quantity in MT, Rs In Crores
Year
|
India
|
Kerala
|
Qty
|
Value
|
Qty
|
Value
|
2018
|
256.06
|
5,335.33
|
81.72
|
1,386.14
|
2019
|
252.15
|
5,737.66
|
79.74
|
1,530.28
|
2020
|
209.72
|
5,235.29
|
70.96
|
1,515.30
|
2021
|
196.54
|
5,311.15
|
66.86
|
1,515.16
|
2022*
|
226.98
|
6,253.19
|
68.88
|
1,511.11
|
Source: Tea Board * Provisional; subject to revision
|
Export of Coffee:
The export of coffee from Kerala through Cochin port in 2022-23 was 53291MT and Rs 1.16 lakh in value. This shows a fall in quantity exported by (-) 29.54 per cent and fall in value by (-)10.81 per cent, in 2022-23 compared to the previous year.
Export of Spices:
In 2022-23, the export of spices and spice products from India was 14,04,357 MT valued Rs 31,761.38 crore as compared to 15,30,661 MT valued Rs 30,324.32 crore. This registers a decline of 8.25 per cent in volume and an increase in value by 4.74 per cent. The export of spices from Kerala in 2022-23 was 1,11,080.13 MT and value of export was Rs 5,51,521.02 lakh. This shows a decrease in quantity traded by 10.09 per cent and value by 2.67 per cent over the previous year.
Export of spices, India and Kerala, from 2016-17 to 2022-23, quantity in MT and value in ₹ lakh
Year
|
Kerala
|
India
|
Kerala’s share (%)
|
Quantity
(in MT)
|
Value
(Rs lakh)
|
Quantity
(in MT)
|
Value
(Rs lakh)
|
Quantity
|
Value
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
2016-17
|
84,418.8
|
4,27,120.1
|
9,47,790
|
17,81,223.6
|
8.9
|
24.0
|
2017-18
|
95,455.9
|
4,15,296.1
|
10,28,060
|
17,98,016.2
|
9.3
|
23.1
|
2018-19
|
89,590.8
|
3,78,560.4
|
11,00,250
|
19,50,581.1
|
8.1
|
19.4
|
2019-20
|
1,00,195.8
|
4,05,421.3
|
12,08,400
|
22,06,280.0
|
8.3
|
18.4
|
2020-21
|
1,21,348.9
|
5,00,633.6
|
17,58,266
|
30,96,771
|
6.9
|
16.2
|
2021-22
|
1,23,547.93
|
5,66,643.6
|
15,30,661
|
30,32,432.4
|
8.1
|
18.5
|
2022-23*
|
1,11,080.13
|
5,51,521.02
|
14,04,357
|
31,76,138.2
|
7.9
|
17.36
|
Source: Spices Board *Provisional
|
Kerala’s export of spices and spice products, in quantitative terms, showed an increasing trend in 2019-20 and 2020-21. It continued positive in 2021-22, although declined the growth rate from the previous year. The year 2022-23 registered a negative growth of (-) 10.1 for Kerala. Indian trend for spices export continued to be negative for two consecutive years and remained (-) 8.3. Figure 5.4.7 depicts the trend in growth of export of spices and spice products from India and Kerala.
Trend in growth of export of spices and spice products from India and Kerala, 2017-18 to 2022-23, quantity in per cent

In 2022-23, the export of individual spices like chilli, cardamom (small), ginger, cumin, celery, fenugreek from Kerala showed decrease both in volume as compared to previous year. A total volume of 1,345 MT of cardamom (small) valued Rs 500.02 crore was exported from Kerala in 2022-23 as against 5,825 MT valued Rs 800.05 crore in 2021-22. Export of chilli 25,717 MT valued Rs 659.70 crore in 2022-23 shows a decrease from 30,225 MT valued Rs 650.97 crore from the previous year. The export of pepper was declined to 12,491 MT valued Rs 572.21 crore in 2022-23 as against 17,248 MT valued Rs 602.98 crore in 2021-22.
In the case of value-added products export of curry powder and mixture showed an increase in volume and value while spice oil and oleoresins products showed marginal decline in 2022-23 in terms of quantity as compared to 2021-22. Export of curry powder and mixture in 2021-22 was 15,284 MT valued Rs 314.79 crore and which rose to 17,505 MT valued Rs 408.60 crore in 2022-23 recording an increase in volume and value of export. Spice oils and oleoresins valued Rs 2,444.56 crore was exported in 2021-22 which declined to Rs 2,365.42 crore in value.