Centre frames strategy to address rising prices of raw jute

To ease the availability of raw jute for the millers and to put a check on the rising prices in a high level meeting Ministry of Textiles has formulated a new strategy
Centre frames strategy to address rising prices of raw jute

In a meeting, chaired by Minister of Textiles, Santosh Kumar Gangwar, the Jute Commissioner, Subrata Gupta has been designated to take appropriate measures for notifying stock limits for raw jute for balers, traders and millers and to undertake de-hoarding measures with the help of State governments, so that jute produced during the season becomes available for jute mills for continuing their production, as was last done in 2005. By these actions, it is expected that the prices of raw jute will be put under controlled.

The meeting, held in New Delhi was attended by the Moloy Ghatak, Minister in Charge, Labour, Government of West Bengal, Sukhendu Sekhar Roy, MP, SK Panda, Secretary (Textiles), AM Reddy, Joint Secretary in the same Ministry and officials of National Jute Board.

Further, the Department of Commerce and Ministry of External Affairs have been requested to take up the matter with their counterparts in Bangladesh for lifting the ban on export of raw jute by Bangladesh.

In the meeting, it was decide that appropriate long-term measures will be taken by the State governments and Department of Agriculture, Government of India for encouraging jute cultivation and checking its declining trend. 

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