Dr Ananda Bose, Chairman, Coconut Development Board welcoming the The Union Commerce Ministry decision for providing incentive to packaged tender coconut water in the annual Foreign Trade Policy said that the technology for tender coconut water has been developed by Defence Food Research Laboratory, Mysore in collaboration with Coconut Development Board.
He further added that packaged tender coconut water is a thirst drink of many developed countries such as the US, EU and ASEAN countries. There is an emerging market for packaged tender coconut water in Latin America, South America, Caribbean, Canada, Africa, Germany, etc. Malaysia, Singapore, Vietnam, Thailand are among the leading exporters of canned tender coconut water. However, they are dominating the American and European markets.
Indian tender coconut water exporters are trying to pack the water in aluminium cans which will make them competitive and increase their presence in the emerging markets of the world, adds report. The incentive given to packaged tender coconut industry would boost exports of coconut products and bring farmers under inclusive growth, Dr Ananda Bose said.
Packaged tender coconut water has been included in the Focus Product Scheme and made eligible for two per cent incentive.