Home / Knowledge / News / Textiles / India's coir exports may touch Rs. 12 billion in 2013-14
India's coir exports may touch Rs. 12 billion in 2013-14
23
Nov '13
Coir exports from India are likely to touch Rs. 12 billion-mark in the ongoing fiscal 2013-14, according to Madhav Lal, Secretary in the Ministry of Micro, Small and Medium Enterprises (MSME).
 
Speaking to reporters at the Coir Board pavilion, set up at the ongoing India International Trade Fair (IITF) in New Delhi, Mr. Madhav Lal said India’s coir exports are increasing at a healthy pace and may grow to Rs. 12 billion in 2013-14, owing to rising demand in the EU and the US markets.
 
Europe and the US together account for over 70 percent of overall coir exports from India.
 
Coir exporters are also receiving good orders from the UAE and some African countries, Mr. Madhav Lal said.
 
In 2012-13, India’s coir and coir products’ exports grew by 6 percent year-on-year to Rs. 11.16 billion, while they grew by five percent year-on-year in terms of volume to 410,854 tons.
 
From April to October 2013, India’s coir exports stood at more than Rs. 7 billion, according to the Coir Board, a statutory body established by the Government of India for the promotion and development of the coir industry.
 
In addition to undertaking promotional measures, the Coir Board also monitors the export performance of coir and coir products, which include mats, rugs, yarn and nonwoven products like geo-textiles.
 
Earlier this year, the Coir Board implemented a new marketing strategy to achieve a sales turnover of Rs. 30 billion in the domestic market by 2017, compared to estimated sales of Rs. 13 billion in 2013-14.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th May 2017

Maharashtra state passes State GST bill

The Maharashtra Assembly has passed unanimously the State Goods and...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search