India’s share in the international coir market for the finished products is estimated to be about 80 to 85%.
The export of coir and coir products has shown an increase to the tune of 37% in terms of value and 17.6% in terms of quantity during the year 2020-21, compared to 2019-20.
The government of India has provided the following incentives for the export of Coir and Coir products :
- Duty Drawback at the rate from 0.15% to 1.5% on Free on Board (FoB) value of export.
(ii) Remission of Duties and Taxes on Export Products (RoDTEP) at the rate from 0.5% to 2.1% on FoB value of export.
Under the International Co-operation Scheme of the Ministry of MSME, the Government is proposing to introduce a scheme aiming at ‘Capacity Building’ of First Time MSE Exporters through providing assistance by reimbursing RCMC charges, reimbursement of insurance charges, Testing and Quality Certification Charges. The Government is also proposing to set up a National Resource Database System aiming to disseminate international Market Intelligence to the MSME units. Coir Board is also extending quality inspection support to the desirous MSMEs.
This information was given by Union Minister for Micro, Small and Medium Enterprises, Shri Narayan Rane in a written reply in Lok Sabha today.
Disclaimer : This is an official press release by PIB.