Home / Knowledge / News / Textiles / Govt decision may increase B Twill bags price
Govt decision may increase B Twill bags price
29
Aug '08
The Jute Industry of the country is taken aback after learning that the Union Ministry of Textiles (MoT) is pondering over the proposal of allowing the Jute Corporation of India (JCI) to get B.Twill, a variety of raw jute this season, through Commercial Purchases (CP) operation.

Sources informed Fibre2fashion that, Jute Corporation of India (JCI) is purchasing raw jute on minimum support price (MSP). At present the cost of jute from Assam is nearly Rs1250 per quintal. Whereas, in 24 Paraganas, Siliguri and Hugli District in West Bengal, the price is Rs1313 per quintal. Till now JCI has purchased almost 2000 Quintal of B Twill that is mainly used for packaging purposes.

In 2007, the production was approximately 95 Lakh bales, however, this year it is expected to drop down to only 75 Lakh bales. Industry insiders believe that, this shortage may shoot up the prices of B Twill jute and take them to Rs150 to 200 high, per quintal.

The entrepreneurs have shown their worry over the recent progress and feel that they will have to rise the price of B Twill bags that are to be purchased compulsorily by the DGS&D on behalf of FCI and other state agencies as per the statutory Jute Packaging Materials Act. This will automatically hike the packaging cost of food grains that are being distributed through PDS.

This decision of Government is in contradiction with what it had taken in year 2005-06, when JCI was permitted to procure jute through CP and MSP operation and was even allowed to sell the same through B Twill linking to jute mills.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

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

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

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

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