MAKE YOUR

Project report for coir based products

Create Project Report

Coir Fiber Products

Coconut Husk Creations

Eco-Friendly Coir Goods

Natural Coir Crafts

नारियल रेशा उत्पाद

पर्यावरण अनुकूल नारियल उत्पाद

Are you searching for the best platform to create your project report for coir based products?

If you’re diving into a project report for coir based products business in India, you’re tapping into a goldmine of opportunity rooted in sustainability and tradition. Did you know India produces around 280,000 metric tons of coir fiber annually, as per the Coir Board? That’s a massive chunk—about one-third of the coconut pulp!

This eco-friendly industry raked in over ₹2192 crores in exports by January 2019, according to the Ministry of MSME. With Kerala churning out 85% of India’s coir products, the sector employs over 7 lakh workers, mostly in rural coastal belts. Imagine turning coconut husks into mats, geotextiles, or even wood substitutes—your project report could unlock this potential. Data from Statista shows the U.S. alone imported ₹13 billion worth of coir in 2022.

Ready to weave this into a thriving business? Let’s get started!

What are the Possibilities in the Coir Based Products Business?

Starting a coir-based products business in India opens up exciting possibilities. Here are the top four business opportunities, packed with potential:

Eco-Friendly Home Décor and Furnishings: Coir’s natural, biodegradable appeal makes it a hit for sustainable home products like mats, rugs, and furniture padding. India exported 1232.09 thousand metric tons of coir products in 2023-24, with mats alone being a hot seller. You could target urban Indian households or export to eco-conscious markets like the USA, which imported 60% of India’s coir by value in 2021-22. Start small with ₹5-10 lakh for production and tap into online platforms for sales.
Agricultural and Horticultural Products: India’s coconut production—23904.10 million nuts annually—ensures a steady supply. Invest ₹10-15 lakh in processing units and target farmers or global markets like China, which buys 97% of India’s coir fiber.
Geotextiles for Infrastructure: Coir geotextiles are booming for soil stabilization and riverbank protection, thanks to their durability and eco-friendliness. With India’s infrastructure push, this sector’s demand is rising. A setup costing ₹20-25 lakh could yield high returns, especially with government projects or exports to countries like the Netherlands.
Specialty Lifestyle Products: Think coir ropes, baskets, or even luxury pet beds! These value-added items cater to niche markets, both domestic and international. With ₹5-8 lakh, you could craft unique designs and sell through e-commerce or export, riding the wave of India’s ₹4102.5 crore coir export market in 2023-24.

Each option leverages India’s coir strength—low-cost raw materials and a skilled rural workforce of 7 lakh. Pick one, and you’re in for a sustainable, profitable ride!

What are the Benefits of the Coir Based Products Business?

Starting a coir-based business in India is a smart idea. You can easily get raw materials, create jobs, and sell your products in India and other countries. The government also offers financial help to grow your business. Let’s look at the key benefits.

1. Get Raw Materials Easily

India produces more coconuts than any other country. Farmers grow around 23,900 million coconuts every year. But factories use only 40% of the husks to make coir products. You can use this leftover husk to make ropes, mats, brushes, and more. Since coconut husks are cheap and available in large amounts, you can keep your costs low.

2. Create Jobs for Thousands of People

The coir industry gives work to over 550,000 people in India. Most of them are women. In fact, 80% of coir workers are women. When you start a coir business, you help more people earn money and support their families.

3. Earn Money from Exports

Many countries buy coir products from India. In 2021-22, India exported coir items worth ₹4,340 crore. The United States, China, and the Netherlands are the biggest buyers. Coir pith, which people use in gardening, made ₹2,259 crore in exports. Since the demand for coir is growing every year, you can make good money by selling these products.

4. Get Government Support

The government helps people start and grow coir businesses. Here are some useful schemes:

Coir Industry Technology Upgradation Scheme (CITUS): The government pays 25% of the cost of new machines, up to ₹2.5 crore, to help businesses upgrade.
Mahila Coir Yojana (MCY): Women who start a coir business can get a motorized spinning machine at a 75% discount.
Development of Production Infrastructure (DPI): You can get 25% of the cost of machines covered. The government gives up to ₹6 lakh for defibering units, ₹4 lakh for spinning units, and ₹5 lakh for coir pith processing units.
Coir Vikas Yojana: This program teaches people how to make coir products and helps them find buyers.

The government provides financial help, and customers love eco-friendly products. If you start a coir business, you can earn good profits while helping the environment.

How Can Finline Help You with the Best Project Report for a Coir-Based Products Business?

Finline helps you create a project report for coir-based products business in less than 10 minutes. Banks accept these reports for different types of loans, including Mudra loans, PMEGP loans, MSME loans, and Standup India loans.

More than 3 lakh entrepreneurs have used and trusted Finline’s reports to secure funding for their businesses. You can create a bank-ready project report yourself using their easy-to-use software or get expert help from their CA professionals, who prepare a customized report based on your business needs.

With Finline, you save time, avoid errors, and increase your chances of getting a loan quickly. Use Finline’s trusted project reports and start your coir-based products business with confidence.

Get started today and create your project report now!