Analysis Of Coir Units In Tirunelveli District According To The Investment Pattern In Working Capital Of Micro Units

Abstract

The traditional agro-based rural industry of coir is rapidly expanding in the southern regions of the country. From its inception, it has been heavily focused on exports, generating significant foreign exchange by providing over 14 value-added products for international markets. The recent global emphasis on environmental sustainability has created a surge in the industry, as its products are entirely biodegradable and eco-friendly. In light of the evolving circumstances, a study of this thriving sector would be highly beneficial from a comprehensive viewpoint. To facilitate this, primary data were gathered using a meticulously designed interview schedule. The analysis, based on the collected data, primarily concentrated on coir units registered in the Tirunelveli district, examining their location, type, sources of raw materials, duration of raw material and finished fiber storage, capital sources, and investment patterns. It was discovered that the majority of the 116 micro units (48.13 percent) fell within the investment range of Rs.15 lakhs to Rs.20 lakhs. Additionally, 14 small units (40 percent) were found to have investments ranging from Rs.50 lakhs to Rs.1 crore, with no coir unit exceeding an investment of Rs.2 crore.