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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urs Stalder
Sanitized AG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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