Home / Knowledge / News / Textiles / Chinese demand boosts Indian coir exports in FY'14
Chinese demand boosts Indian coir exports in FY'14
14
May '14
Exports of coir and coir products from India touched an all-time high totaling Rs. 14.76 billion, registering a surge of 32 percent year-on-year, during the last fiscal year of 2013-14, owing to robust consumption from China, as per the Indian Coir Board, reports the Business Standard quoting PTI.

Coir Board chairman G Balachandran said coir exports increased to 537,040 tons during the last fiscal year, from 429,501 tons in fiscal year 2012-13, recording a growth of 25 percent.

China was the biggest consumer of coir and coir products from India, accounting for 24.42 percent of total export of coir and coir products made by the country in 2013-14, he added.

The Coir Boar official informed that a total of 192,110 tons of coir and coir products worth Rs. 3.6 billion were exported to China during 2013-14.

Mr. Balachandran expressed concern over the sharp increase of coir fibre to China, stating that the Government must take immediate steps to send value-added products to the country instead of exporting raw materials.

China uses the coir yarn from India to manufacture value-added products and exports them to other countries, including India, he added.

According to the Coir Board, exports of coir yarn from the country touched Rs. 3.29 billion, showing a rise of 59 percent year-on-year, whereas exports of coir pith totaled Rs. 3.42 billion, recording a surge of 38 percent year-on-year.

Meanwhile, exports of coir handloom mats fell 6.38 percent year-on-year in 2013-14, and exports of coir rugs and carpets also registered a decline of 2.11 percent, compared to the 2012-13 fiscal year.

Highest exports of coir and coir products came from the Indian state of Kerala, which exported 73,665 tons of coir and coir products valued at Rs. 7.09 billion, during the last fiscal.

India’s coir exports amounted to Rs. 11.16 billion during the fiscal year of 2012-13, registering a surge of 6 percent year-on-year. The country exported 429,500 tons of coir and coir products in 2012-13.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Ravindra Jain, Ashish Baid

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

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

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

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

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

February 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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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