Home / Knowledge / News / Textiles / Govt formulates strategy to tackle raw jute crisis
Govt formulates strategy to tackle raw jute crisis
28
Nov '15
The Central Government has decided on a multi-pronged strategy to evolve a suitable strategy for stabilizing the raw jute market and for tackling raw jute price rise, according to an official statement.

The Government's decision comes in the wake of a severe raw jute crisis that has left jute mills in West Bengal reeling.

At a meeting chaired by Union Textiles Minister Santosh Gangwar, the Government decided to launch de-hoarding operations, request Bangladesh to lift an export ban on raw jute and promote jute cultivation.

The Jute Commissioner has been requested to take appropriate measures for notifying stock limits for raw jute for balers, traders and millers and to undertake de-hoarding measures with the help of State Governments, so that jute produced during the season becomes available for jute mills for continuing their production, as was last done in 2005.

The Department of Commerce and Ministry of External Affairs have been requested to take up the matter with their counterparts in Bangladesh for lifting the ban on export of raw jute by Dhaka.

The meeting also decided that appropriate long-term measures shall be taken by the State Governments and the Central Government's Agriculture Department for encouraging jute cultivation and checking its declining trend. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search