Home / Knowledge / News / Textiles / Jute Corporation to buy 400,000 quintals this year
Jute Corporation to buy 400,000 quintals this year
13
Aug '16
The Jute Corporation of India (JCI) has planned to procure 400,000 quintals of jute this year either through minimum support price (MSP) or commercial trade.

This was informed by JCI chairman K V R Murthy, while addressing the media in connection with the launch of a campaign initiated by the ministry of textiles on the eve of the 70th Independence Day.

Murthy also added that a farmer-friendly method of payment will also be adopted to encourage increasing number of farmers to come with their produce.

“JCI is also considering floating a jute banking scheme, for extending benefits more benefits to jute growers, while the government has hiked MSP to Rs 3,200 per quintal this year,” he informed.

According to the chairman, more than 25,000 hectares of land have been brought under jute cultivation and the benefit of enhanced agronomic practices has been extended to more than 40,000 farmers.

JCI has presence in six jute growing states like West Bengal, Bihar, Assam, Odisha, Andhra Pradesh and Tripura and also has 16 regional offices and 171 departmental purchase centres in the country. (AR)

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search