Revenue from coir exports take a hit as rupee strengthens
February 26, 2008 at 0138 hrs IST
Coir rugs, mattings and carpets have seen volume and value drop during the period, while coir fibre and rope have increased their presence in both volume and value. Coir fibre has seen volume go up by more than 150% compared to last year. However, incremental exports of coir rope have fetched lesser value as volume increase of 131% has fetched only 9% increase in value.
The industry has appealed to the commerce ministry that the coir sector be included in the higher entitlement of DEPB and for a reduction in pre-shipment and post-shipment credit to 6% from the present range of 9% to 11%.
1 comment:
Good luck.
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