Project report for Coir based products

Project report for coir based products is as follows:

India accounts for more than two-thirds of the world production of coir and coir products. Although India has a long coastline dotted with coconut palms, the growth of the coir industry in other coastal States has been insignificant. Indian coir industry is an important cottage industry contributing significantly to the economy of the major coconut growing States and Union Territories, i.e., Kerala, Tamilnadu, Andhra Pradesh, Karnataka, Maharashtra, Goa, Orissa, Assam, Andaman & Nicobar, Lakshadweep, Pondicherry, etc. About .5.5 lakh persons get employment, mostly part-time, in this industry. The exports from this industry are around Rs. 70 crores. Coconut husk is the basic raw material for coir products. Around 50 percent of the available coir husk is used to produce coir products. Hence, there is scope for growth of the coir industry. India accounts for more than two-thirds of the world production of coir and coir products. Kerala is the home of Indian coir industry, particularly white fiber, accounting for 61 percent of coconut production and over 85 percent of coir products. Although India has a long coastline dotted with coconut palms, the growth of the coir industry in other  coastal  States has been insignificant. The market value of husks consumed is between Rs 259.36 crore to Rs 315.12 crore. It is estimated 127824.62 lakh husks can be used for fiber generation and estimated market value will be Rs 913.03 crore to Rs 1109.34 crore per annum.

The firm is  planning to produce the following product from coir.

1) Coir Pith - It is an excellent soil conditioner and is being extensively used as a soil-less medium for agri-horticultural purposes. With its moisture retention qualities, coir pith is ideal for growing anthuriums and orchids.

2) Yarn (with different sizes) - It is used for Manufacture of mats/matting and carpets, rubber based brush mats/matting's, nettings / Geo-textiles (land – scalping and on embankments of road construction for prevention of soil erosion).

3) Fibre - It is normally used in mattress and pillows/cushions. The material is also used for insulation and packaging.

The three product has different utility and used in different markets.

The following are the list of machineries used in the firm

1) Beater

2) Pith screener

3) Fiber screener

4) Pith coveyor

5) Fiber conveyor

6) Husk conveyor

7) Beater suit

8) Fiber bailing press

9) Automatic double head machines

10) Willowing machines

The market value of husks consumed is between Rs 259.36 crore to Rs 315.12 crore. It is estimated  127824.62 lakh husks can be used for fiber generation and estimated market value will be Rs  913.03 crore to Rs 1109.34 crore per annum. 539815-ton fibres are being consumed in  India.  The market value of the consumed fibers is Rs 890.69 to Rs 1199.16 crore. The utilization of coir fiber stands at 28.41 %. It has the potential to generate revenue of Rs 3135.54to Rs 4221.44 crore per annum.  The Indian coir industry is an important cottage industry contributing significantly to the economy of the major coconut-growing States and Union Territories such as Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra, Goa, Orissa, Assam, Andaman & Nicobar, Lakshadweep, and Puducherry.  About 5.5 lakh get employment, mostly part-time, from this industry. Exports from the coir industry are around Rs 3000 crore. Coconut husk is the basic raw material for coir products. At least 50 percent of the available coir husk is used to produce coir products. The rest is used as fuel in rural areas. Hence, there is scope for growth of the coir industry.

The firm is planning to produce Coir pith, yarn ( with different sizes) and fibers. These three products have a huge demand in the market and before starting the firm itself, the company has an order from a biofertilizer company to supply tons of coir pith. With the contacts and connections in the market, the firm is looking to leverage more orders. Also regarding the yarn, there is good demand for the same in states like Tamilnadu, Karnataka, Andhra Pradesh, Rajasthan and even good demand abroad too. So need to tie up with exporting firms and marketing firms in different states to promote the product. Regarding the fiber, there are growing demand from bed and pillow manufactures and also sofa manufacturing companies. So planning to organize the production, quality and timely delivery of our products to the veterans in the industry and newcomers in the respective field.