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Related Keywords: anti-hoarding drive, Dilute jute packaging order put back now, for mills not more than two months, Jute Packaging Material Act, jute sector, limit for traders, limit of fifteen days, Malay Ghatak, procurement plan, raw jute holding limit decided, State Labour minister, taken based on situation of raw jute crisis, Union Textile Minister

The Centre has decided not to dilute the packaging order now and will take a decision after six weeks based on the situation of the raw jute crisis, said state labour minister Malay Ghatak after meeting Union Textile minister Santosh Kumar Gangwar.

Ghatak said that the raw jute holding limit had been decided. The limit for traders is 1,7000 bales with a limit of 15 days and for mills not more than two months stock. Ghatak, next added to say that he would keep a close vigil on the situation so that mills did not close down.

Related Keywords: apparel park, closed mills, diversify jute products, feminine hygiene products, generate employment, jute sector, Minister of State for Textile, NJMC invite enrepreneurs, run jute mills, Santosh Kumar Gangwar, stakeholders, textile hub, utilize unused assets

Minister of State for Textiles, Santosh Kumar Gangwar after the review meeting held with various stakeholders of the jute sector at Kolkata yesterday, key decision has been taken to strengthen the jute sector. The Ministry for textile has taken decision to make most of the unused assets, such as land, of the three closed mills of NJMC (National Jute Manufactures Corporation Limited) for economic activities. The focus is to generate employment. Activities such as apparel park or textile hub shall be considered.

Related Keywords: Bangladesh government, cash incentive, jute sector, textile sector

The Bangladesh government had announced cash incentives of Tk 25.92 billion to 19 export products for the current fiscal year to promote sales overseas and to encourage exporters to explore new potential market for Bangladeshi products. The last or fourth installment of cash incentive amounting to Tk 6.48 billion has been released for disbursement among major exporters for the fiscal year (FY) 2013-14.

The central bank has been directed by Ministry of Finance (MoF) this Thursday to start with the disbursement of incentive for the period of April to June 2014.