The coir industry will be able to make huge strides in the current financial year, according to the Indian Foreign Policy Analysis 2012-13, Mr G. Balachandran, Coir Board chairman, has said.
Regarding the 2012-13 Policy Analysis presented by the Commerce Ministry, he said that the current policy will help the coir industry to meet the export target of Rs 1,100 crore.
According to the Board's recommendations, the Centre has approved the incentives for the labour intensive industries in the area of coir manufacturing. Under the policy, the Centre will extend the two per cent interest benefit to coir till March 2013.