The Indian Coir sector’s revenue from exports touched an all time high of INR 2282 Cr by value and 9.57 Metric Tonnes in quantity in the 2016-17 financial year.
The Coir Board Chairman is C P Radhakrishnan.
The coir sector had fetched export revenue of Rs 1630 Cr in the financial year 2015-16 against INR 1,476 Cr achieved in fiscal year 2014-15.
Indian coir sector has tremendous potential to grow and provide employment to a large number of people.
Coir Board is going ahead with a project to fabricate a versatile spinning machine capable of producing yarn with uniform thickness in large quantity.
The government is considering to introduce a scheme that would extend financial support upto INR 2.50 Cr to the sector in order to promote larger investments by entrepreneurs.