Govt needs to take aggressive measure to tackle dwindling jute industry

The decline in jute demand has led to closure of some mills in India while affecting production and has rendered over 1 lakh workers jobless. Reeling under the impact of severe demand crisis, jute manufacturers have urged the government to take immediate measures to revive the industry.

Indian Jute Mills Association Chairman Raghavendra Gupta said that as Bangladesh government has a 10 percent cash incentive on export of jute products from their country, this restricts us to become residual sellers in the global market as Bangladesh manufacturers are cheaper backed by this 10 per cent subsidy.

Import of jute products from Bangladesh is on the rise which is severely affecting interests of Indian jute industry. The prices of raw jute fibre have declined 15 per cent, even as the harvesting season for new crop of jute begins.

The industry fears that if fibre prices keep declining, farmers may shift away from cultivating jute this year on account of low returns.

Gupta has also requested the Textiles Ministry to restore the percentage of reservation of packaging of foodgrain and sugar into jute bags to 100 per cent.

Under the Jute Packaging Act, the percentage of reservation of packaging of foodgrain and sugar into jute bags is reviewed every year. Currently 90 percent foodgrains and 20 percent sugar is mandated to be packed in jute bags. As the case is 2 years back, request as been put up to restore it to 100 per cent for both.

The other measures suggested include containing imports from Bangladesh, as the neighbouring country offers a 10 percent cash incentive on the export of jute items.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

9 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

9 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

10 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago