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Jute industry facing severe challenges over thinning demand

Related Keywords: Indian jute industry, Indian jute mills, Indian jute mills association, jute bags, jute export market, jute production, jute stock, Textile Ministry

Jute is one of the oldest industries in India depending a lot on government orders. This year the industry is facing one of its most severe challenges due to thinning demand. Indian Jute Mills Association (IJMA) and other mill owners have straight on blamed rapid decline in procurement of jute bags for food grains this year for piling jute stocks and drastic reduction in production.

Bengal jute mills facing closure due to shortage of orders

Related Keywords: Bengal jute mill, Indian jute industry, Indian jute mills association

The Bengal jute mills facing closure due to shortage of orders from government food-procuring agencies and moreover worried over synthetic substitutes as well as huge labour and drastic production costs.

An Indian Jute Mills Association release said that already five jute mills had closed down and in others there was an across-the-board drastic production cuts.

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