It aims to attract investments worth ₹3,000 crore in the sector by 2030 and generate 60,000 jobs.
The policy is also aimed at providing a strategic framework that supports the continued expansion of the coir sector.
It envisages the setting up of Centres of Excellence and facilitating industry-academia-private research interactions exclusively for new, innovative coir products.
Tamil Nadu cultivates coconut in over 4.46 lakh hectares.
The State’s productivity of coconut stands at 10,484 nuts per ha.
The total investment in the coir sector is ₹5,331 crore.
The total turnover of coir products in Tamil Nadu is ₹5,368 crore.
The export value of coir products is ₹2,186 crore.