Deals worth Rs 150 crore at Coir Kerala Buyer-Seller meet


Alappuzha: The buyer-seller meet held as part of the Coir Kerala 2014 turned out to be a huge success with business deals worth Rs. 150 crore expected to have been agreed between global buyers and manufacturers.

Minister for Revenue and Coir Shri Adoor Prakash, who inaugurated the buyer-seller meet, said that the meet was a major success with the manufacturers and exporters managing to strike business deals with buyers who have come to attend the meet.

“Apart from the private exporters, the public sector undertakings (PSUs) also zeroed in on business deals with the buyers. We expect these to be worth close to our target of Rs 150 crores. Only at a later stage, we will be able to exactly quantify the deals,” the Minister added.

The Minister, earlier in his inaugural speech, pointed out that good promotion and marketing of coir were as much of a priority for the government as its production.
“The buyer-seller meet is the most crucial interactions of the Coir Kerala event. More and more buyers and exhibitors are taking interest in Coir Kerala every year and we want to see this increased participation translate into a solid business opportunity for everyone,” he said.

“We want to see high-quality coir as well as value-added products and innovations from Kerala make their way to new markets worldwide,” he said and added that the research and development had helped the industry to come out with lot of value-added coir products and the government was now looking at the possibility of producing energy from coir pith.

Coir Secretary, Rani George, in her address, said that the government was successful in finding new markets for the coir products through Coir Kerala and the main aim of organising the event was to increase the business and there by ensure more job and better wages for over three lakh coir workers in the state.

National Coir Research and Management Institute (NCRMI) Director, K R Anil and C Venugopalan Nair, Chairman, FOMIL was among those present at the inauguration.

Kerala Biz News


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