Home / Knowledge / News / Textiles / Jute Park to be set up soon at Purnia
Jute Park to be set up soon at Purnia
21
Dec '09
The Bihar Industrial Area Development Authority (BIADA) has allotted 44.5 acres of land for State Government's proposed multi-purpose jute park at Maranga in Purnia district. Estimated cost of the projected park, which is to be set up under public-private partnership mode, is Rs. 1.5 billion, informed the officials.

The Bihar government is also all set to establish jute marketing yards at Gulabbagh (Purnea), Bahadurganj (Kishanganj) and Kishanganj, in order to facilitate the marketing of jute products. The Jute Corporation of India (JCI), an official agency of the Government of India, has been informed the status of the project, said the official.

Key objectives of JCI are to offer Minimum Support Price (MSP) to the jute cultivators and assist the raw jute sector. The Central Government has increased the MSP by Rs. 125 for the ongoing year against previous year, and announced an MSP of Rs. 1,375 for TD-5 grade jute, this year.

Jute also called the 'Golden Fibre' is the most versatile fibre of nature and is utilized to manufacture variety of handicraft items, beside, producing sacks and cordage. Following cotton, jute is the cheapest and a significant fibre among all textile fibres.

Yearly turnover of jute industry accounts for Rs. 65 billion and overall export value of jute items stands at around Rs. 10 billion. However, the industry is facing big hurdles in its growth, such as high production cost and poor supply chain management, Bihar is India's second largest producer of jute based products.

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

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

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

Wendell Rodricks
Wendell Rodricks

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

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

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