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
Apparel/Garments | On 23rd Mar 2019
The European Bank for Reconstruction and Development (EBRD) recently...
Textiles | On 23rd Mar 2019
The United Nations Industrial Development Organisation (UNIDO) has...
Customised t-shirts is not a fad
'Hugo Boss works with carefully selected sourcing partners'
The biggest challenge is lack of skilled workforce and competition from...
Aizome, Asia's first Fairtrade denim brand, is all set to launch next...
India-headquartered Lulu & Sky is a rapidly escalating brand with the...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Directa Plus SpA
Established in 2005, Direct Plus SpA, is one of the largest producers and...