As a part of this scheme, the Coir Board will provide to units in the industry technology that has been created by its R&D department in various areas from processing coconut fibre to spinning.
As per G Balachandran, Chairman of the Coir Board, this decision has been taken considering the rising demand for eco-friendly products in the international market.
“India stands to reap huge benefits if the multi-pronged promotional strategy is pushed effectively as the demand for a wide range of bio-degradable coir products has been on the increase,” Balachandran stated.
India exported coir products of the value of INR1,052.62 crore in the 2011-12 financial year. Exports in the current financial year are expected to reach INR1,300 crore.
Balachandran also stated that the Coir Board has been urging the Centre to declare a Natural Fibre Policy, which would be of great benefit to the coir industry in India.
In another measure to promote coir exports, the Board is organising an International Expo in Kochi, Kerala, from August 12 to 16. The different kinds of technologies developed by the Board will be showcased at the exhibition. In addition, the latest trends in the coir industry as well as the varieties of techologies and machines available will be showcased.
"This is the first exhibition of its kind. There will be business meets, field visits, seminars and cultural programmes also," Balachandran stated.
Source: Economic Times