The exports of coir and coir products have registered an increase of 305%, from 1,630.33 crore rupees in 2014-15 to 6,614.40 crore rupees in the last financial year.
The Ministry of Micro, Small and Medium Enterprises (MSME) said that in the last 12 years, more than 21,000 coir units have been registered on the Udyam Registration Portal, employing around 230,000 people and bringing them into the formal Micro, Small and Medium Enterprises ecosystem. The Ministry further highlighted that more than 68 thousand people have been trained under various programmes in the sector, with women accounting for over 80% of the trainees. The sector has also seen the development of more than 150 innovative machines, technologies and value-added products. The MSME Ministry said that financial assistance of more than 20 crore rupees has also been provided to over 850 entrepreneurs under the Export Market Promotion scheme.
India is the world’s largest producer and exporter of coir, accounting for about two-thirds of global production. The Indian Coir Industry has a turnover of approximately 16,000 crore and contributes close to 1% of India’s GDP. Coir pith, fibre, yarn and tufted mats are the major coir products exported by India.
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