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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X