MSME ministry plans to amend Coir Industry Act 1953 to modernise infra, ease compliance burden

What happened: The MSME ministry is considering amendments to the Coir Industry Act 1953 to broaden product definitions and reduce compliance delays and paperwork for the coir sector. Key numbers: The sector employs more than 750,000 people. Exports rose 52% to ₹6,614 crore in FY26 from ₹4,343 crore in FY25. About 80% of workers in fibre extraction and spinning are women. Why it matters: Lobby groups say covering newer coir products and easing compliance would help the sector, while one expert said export profits mostly benefit traders and more money should reach farmers and workers.

The MSME ministry is considering amendments to the Coir Industry Act 1953 to broaden product definitions and reduce compliance delays and paperwork for the coir sector.

Lobby groups say covering newer coir products and easing compliance would help the sector, while one expert said export profits mostly benefit traders and more money should reach farmers and workers.