Home / Knowledge / News / Textiles / Effect of global meltdown on coir industry
Effect of global meltdown on coir industry
15
Jul '09
Though the Global meltdown began impacting the exports in general during mid 2008-09, the export of coir and coir products from India for the year 2008-2009 reached an all time high level of 1,99,924.93 tonnes valued at Rs.639.97 crore showing an increase of about 6.5% in quantity and 8% in terms of value over the export achieved during 2007-2008. However, the traditional export oriented coir products such as coir yarn, handloom mats etc. have shown a decreasing trend while exports of items like coir pith, rubberized coir, coir fibres and curled coir have shown positive growth during 2008-2009.

Coir Board, a statutory body under the Ministry of Micro, Small and Medium Enterprises, is implementing Export Market Promotion Scheme for developing the exports of coir and coir products. Under the scheme, the Government, through Coir Board, has commissioned a Market Intelligence Study through the Indian Institute of Foreign Trade, New Delhi in order to assess the market trends and preferences of Europe particularly UK, Italy, Germany and Netherlands with the ultimate objective of boosting the exports of traditional and value added coir products and also to position coir products as Home Decor Products.

Further, the coir products are also included in different schemes of Government for encouraging the exports as indicated below:

(i) Duty credit scrip of 1.5% under the Duty Entitlement Pass Book Scheme (DEPB) for coir goods exported in packed form.

(ii) Fiscal incentive ranging from 1% to 5.6% as provided under the Duty Drawback scheme of the Department of Revenue. Coir mats and mattings are eligible for 2.5% Duty Drawback under the scheme.

(iii) Duty free scrip of 1.25% under the Focus Product Scheme of Ministry of Commerce, for selected products. (iv) Interest subvention on pre-shipment and post-shipment credits to ensure cash flow to the export related activities.

(v) Financial assistance to exporters/entrepreneurs for undertaking various export promotion activities for participation in international fairs, Buyer Seller Meets, Trade Delegations etc. under External Market Development Assistance (EMDA) Scheme of the Ministry of MSME.

(vi) Assistance under EMDA scheme towards 25% of the cost of production of Brochures/Catalogue, produced for release abroad subject to a maximum of Rs.15,000/- once in a financial year.

This information was given by Shri Dinsha Patel, Minister for Micro, Small and Medium Enterprises in a written reply in the Lok Sabha.

Ministry of Micro,Small & Medium Enterprises

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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 2017

February 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