Centre approves Rs 1,654 cr package for coir industry
To tap the increasing global demand for coir products, the Centre has approved a Rs 1,654-crore support package for coir sector which has for long remained as a low-investment and rural-technology-driven enterprise.
By PTI |
THIRUVANANTHAPURAM: To tap the increasing global demand for coir products, the Centre has approved a Rs 1,654-crore support package for coir sector which has for long remained as a low-investment and rural-technology-driven enterprise.
The 'rejuvenation, modernisation and technology upgrading package involved government grant of Rs 548 crore, institutional credit of Rs 886.5 crore and beneficiary investment of Rs 219 crore, Coir Board Chairman A C Jose, told reporters here.
The package is expected to push up exports from Rs 605 crore to Rs 1600 crore and domestic sales from Rs 1,300 crore to Rs 2,625 crore a year. It would also generate 1.76 lakh new jobs and spin-offs with intermediary industries coming up in large numbers.
Jose, who was recently elected the Chairman of International Group of Hard fibres under FAO, said Indian coir industry grew by 24 per cent in volume terms and 19 per cent in value terms touching 605.16 crore in exports in 2006-07.
Besides Kerala, Tamil Nadu and Karnataka had been fast emerging as major centres of coir industry.
Besides improving productivity through upgraded technology and value-addition, Coir Board was also making efforts to find new markets for by-products like coir pith which could be used as a medium for horticulture.
An international buyer-seller meet had been planned in Kochi in December as part of marketing efforts, he added.
The 'rejuvenation, modernisation and technology upgrading package involved government grant of Rs 548 crore, institutional credit of Rs 886.5 crore and beneficiary investment of Rs 219 crore, Coir Board Chairman A C Jose, told reporters here.
The package is expected to push up exports from Rs 605 crore to Rs 1600 crore and domestic sales from Rs 1,300 crore to Rs 2,625 crore a year. It would also generate 1.76 lakh new jobs and spin-offs with intermediary industries coming up in large numbers.
Jose, who was recently elected the Chairman of International Group of Hard fibres under FAO, said Indian coir industry grew by 24 per cent in volume terms and 19 per cent in value terms touching 605.16 crore in exports in 2006-07.
Besides Kerala, Tamil Nadu and Karnataka had been fast emerging as major centres of coir industry.
Besides improving productivity through upgraded technology and value-addition, Coir Board was also making efforts to find new markets for by-products like coir pith which could be used as a medium for horticulture.
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An international buyer-seller meet had been planned in Kochi in December as part of marketing efforts, he added.
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