The coir industry in India has registered a steep growth in the last three years in spite of global economic recession, the Union Government has said. Steps would be taken to make the coir sector a Rs 25,000 crore industry in next seven years according to reliable sources.
The export of coir and coir products from the country has registered a steady increase in spite of the general economic recession.
The all time high record of Rs 2,282 crore was set in 2016-17. It records an increase by 55 per cent over exports in 2013-14. It is 9,57,044 Metric tonnes in terms of quantity . This represents an increase by 27 per cent and 20 per cent over the value and quantity respectively achieved during 2015-16.
Modernisation of industry, achievement of higher raw material utilisation and productivity are given top priority to boost the Indian Coir Industry.