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The coir sector has fetched an export revenue of ₹1,630 crore in the last fiscal against ₹1,476 crore achieved in the previous year despite recessionary trends in the overseas markets, it has not deterred coir exports from the country, as the sector continues to register a better performance in the last few consecutive years.
CP Radhakrishnan, the newly-appointed Chairman of the Coir Board said that it is expecting exports in the current fiscal to exceed the last year’s levels as it already crossed ₹1,382 crore as on January.