Home / Knowledge / News / Textiles / Indian jute mills concerned over bag pricing formulae
Indian jute mills concerned over bag pricing formulae
03
Sep '17
The Indian Jute Mills Association (IJMA) is concerned over the proposed new pricing formulae of jute bags adopted by the Tariff Commission 2017 that will bring down prices of the bags supplied to the government by minimum 10 per cent. The association feels if the pricing is implemented from September, several mills will turn ‘unviable’ and shut down.

The Tariff Commission recently said in its fifth report that jute bag prices are 10-15 per cent lower than the price at which the government purchases them. IJMA representatives have met jute commissioner A Madhukumar Reddy to discuss the issue, according to news agency report.

IJMA has also raised the issues with West Bengal labour minister Moloy Ghatak and wants the state government to intervene in the matter. Jute mills in the state, which accounts for more than 80 per cent of the jute production in India, directly employ over 2.5 lakh people and engage three to five lakh farmers indirectly.

The jute industry may annually lose Rs 200 crore if the new pricing is implemented. A loss of about Rs 3,000 will be incurred on each tonne. Government agencies procure jute bags at a cost of Rs 65,000 per tonne.

The jute industry's demand for fair price of jute bags has gone unheeded in the past 15 years. Each year, the government purchases around 0.7 million tonnes of jute bags through the food ministry and Food Corporation of India (FCI) valued at around Rs 8000 crore. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search