Home / Knowledge / News / Textiles / India's coir industry going strong with rising exports
India's coir industry going strong with rising exports
01
Apr '16
The Indian coir sector's revenue from exports is expected to exceed last year's level of Rs 1,630 crore as it has already crossed Rs 1,382 crore in January, the Coir Board's new Chairman CP Radhakrishnan has said.

The recessionary trends in the overseas markets have not yet affected Indian coir exports with the sector continuing to register a better performance in the last few years. Coir exports during April-January period of current fiscal were up 5.5 per cent at Rs 1,382 crore compared to Rs 1,310 crore in the corresponding period last year. Major coir products for exports include rugs, carpets, fibre and coir pith.

With exports rising, the Board is looking at doubling the export revenue in three years by penetrating into new overseas markets.

The major markets for coir products are China, Korea, Japan, Germany, Canada and the US. The Coir Board is now looking at exploring the Australian market with value-added products, Radhakrishnan said.

India accounts for more than two-thirds of the global volume of coir and its products. Kerala accounts for 61 per cent of India's coconut production and 85 per cent of coir products. Every day, tens of thousands of women in Alappuzha, the coir capital of the world, carry heaps of coconut husk, the covering of the nut, feeding machines that turn them into thread.

More than half-a-million workers in the coir industry — two-thirds of them in Kerala — have contributed to more than three-fold growth in coir exports in the last decade, from a mere Rs 473 crore in 2005. The domestic market is estimated at Rs 3,500 crore.

The Chairman stressed on the need to modernise the coir industry to boost productivity and ensure uniformity of coir rolls in the export market. He called upon the Kerala-based coir industry to go in for mechanisation as the labour cost tended to push up the prices of products manufactured in the State.

Kerala, the world leader in the coir sector, has already initiated steps to boost the coir industry. On the agenda is a spread of new products and newer machines to make the yarn. The finer details of the spread might create the best mats ever and could change the character of the coir industry in the coming years.

Radhakrishnan clarified that there is no scarcity or non-availability of raw material for value-added coir producing units. The current trend of coir fibre exports to China was not showing any substantial increase and this has resulted in sufficient availability in the domestic market. The need is approximately one lakh tonnes and is met without any hassles.

Radhakrishnan also said that there is a huge requirement for coir geo-textiles in roads construction and the Board has already laid 18 km of rural road network in Kerala using the material based on a study carried out by NIT, Kozhikode and College of Engineering, Thiruvananthapuram.

The potential of coir geo-textiles in road construction has already proved as there would be a 25 per cent saving in construction cost, besides increasing the durability of roads for five years.

The Board is in talks with NHAI seeking approval of using coir geo-textiles in the construction of national highways, he said. Once the NHAI approval comes, the coir industry would get a massive boost. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search