On the lines of import limits on pepper, the Centre has arrive to the aid of the coconut industry by placing limits on the import of desiccated coconut powder.
According to a notification issued by the Commerce Ministry, desiccated coconut powder imports with CIF worth of ₹150 and previously mentioned for every kg is free of charge, when shipments priced fewer are prohibited with effect from January 1.
The authorities choice will come on a request manufactured by the Coconut Development Board to secure the domestic industry, which has been on the verge of closure for the reason that of huge-scale imports of desiccated coconut powder.
Formal sources informed BusinessLine that the authorities experienced sought the sights of the Board in the wake of unbridled imports, primarily from Sri Lanka, at pretty lower premiums on account of high domestic prices of uncooked coconuts.
Nil import responsibility
Desiccated coconut powder shipments in bulk portions have been coming less than SAFTA with nil import responsibility. The Sri Lankan powder in the domestic market is pegged at close to ₹100 for every kg, when the domestic value is hovering in the variety of ₹120-a hundred thirty for every kg. There was a time when India exported far more than 5,000 tonnes and the development has now reversed.
There had been also stories that desiccated coconut is being imported, disguised as animal feed, coconut oil cake and copra oil cake. It is utilized in sweets, biscuits, confectionery, and curry and many others.
India is a big producer of coconut globally and desiccated coconut has evolved as a big worth-added products, giving employment to far more than 1 lakh men and women. There are about a hundred and fifty models in Karnataka, Kerala and Tamil Nadu.
Desiccated coconut is the most significant industry immediately after coconut oil and it was in progress trajectory till just lately pursuing the upgradation of the processing capabilities of factories.
Even so, uncontrolled imports have place the domestic sector in dire straits.
There are also stories that imported products and solutions are being mixed with neighborhood brand names, which hurts the neighborhood companies and their products and solutions. The imports have also led to decline in domestic prices of uncooked coconut.