The fifth edition of the world's biggest annual trade event on coir and natural fibres will begin in Alappuzha on February one, he said.
The five-day event brings together scientists, researchers and policy-makers to discuss strategies and new projects to create jobs, improve the conditions of workers, increase productivity and earnings across the industry, Prakesh told reporters here.
In 2013-14, coir exports were worth around Rs 1,476 crore, up from Rs 1,116 crore in 2012-13 and Rs 1,052 crore in 2011-12. Kerala is looking to increase export of coir products to Rs 2,500 crore by 2016-17, he said.
"While the Centre has extended a financial assistance of Rs 1.75 crore for the conduct of the event, the state government will provide Rs 2 crore, he said.
"Under the income support scheme, the government has paid Rs 150 of the minimum wage in the first phase to coir workers and Rs 210 in the second phase. Now the minimum wage has been increased to Rs 300," he added.
Apart from foreign buyers, the fair will also have participation of around 300 domestic buyers. Thousands of coir workers in an around Alappuzha will also participate in the event.
There will also be a general exhibition featuring 275 exhibitors of which 50 are from outside the state.
Coir Kerala 2015 will also see the introduction of modern coir products and machineries designed by the National Coir Research and Management Institute to improve productivity in the sector, he said.
