Indian coir sector revenue on record high!
Q. Which sector's revenue from exports touched an all time high of INR 2282 crore this fiscal?- Published on 17 May 17
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.