Home / Knowledge / News / Textiles / Indian govt releases Rs. 577mn subsidy for jute mills
Indian govt releases Rs. 577mn subsidy for jute mills
27
Aug '12
Smt. Panabaaka Lakshmi, Minister of State in the Ministry Of Textiles, has informed that there are 83 composite jute mills in the country. Out of the total 83 jute mills, 64 jute mills are located in West Bengal, 3 each in Bihar and U.P., 7 in Andhra Pradesh, 2 each in Assam and Orissa, 1 each in Tripura and Chhattisgarh.  State-wise data about production and export of jute bags is not readily available and shall be laid on the table of the house in due course of time.

During the last year, the average price of jute bags has shown a decline with respect to the previous two years when there was a substantial increase over earlier years.  This trend, however, is in sync with the Government price for the jute bags procured through the Directorate General of Supplies & Disposals (DGS&D).

Out of 83 composite jute mills, 6 mills  are under Government of India’s Public Sector Undertaking, 1 mill (Tripura) is under State Government,  2 mills (Assam  Co-op. & New Central) are in the co-operative sector and 74 are privately owned mills. As per the decision of Cabinet Committee on Economic Affairs, out of the six Government jute mills, three are to be modernised. 

The process of modernisation has been initiated. The onus of modernisation of private mills is on their respective owners.  However, under the Jute Technology Mission, subsidy is given to the jute mills/jute units for modernisation and upgradation. 

The upper limit of subsidy is Rs. 3.50 croreper jute mills for the existing units and Rs.4.00crore for mills at North Eastern States and for setting up new units.  As on 31st March, 2012, a subsidy of Rs.57.71 crore has been released against investment for modernisation of Rs.283.06 crore. 

Ministry of Textiles

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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 2017

January 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