The Agriculture Ministry in order to boost jute production has proposed hike in minimum support price (MSP) of raw jute because its cultivation has been declining in the recent year.
In the Cabinet note, Agriculture Ministry has proposed an 18.5 percent increase in jute MSP to ₹3,200 a quintal for 2016-17, which is in line with the CACP’s recommendation, according to sources.
In 2015-16, the jute support price was fixed at ₹2,700.
The Commission for Agricultural Costs and Prices (CACP) is a statutory body that advises the government on the pricing policy for major farm produces.
Jute is not only raw material for jute mills, which employ 3.75 lakh workers but it also provides livelihood to more than 40 lakh farmers in West Bengal, Assam, Odisha and eastern Bihar.
Keep this in mind, the Textile Ministry has sought an MSP of ₹3,650/quintal, while other ministries and even Niti Aayog have pitched for marginal increase in the jute MSP by ₹300 a quintal, keeping in view the inflationary trends, according to sources.
The raw jute cultivation area has reduced to 7.5 lakh hectares in 2015-16, from little over 8 lakh hectares last year.
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…