Govt formulates strategy to address raw jute price rise; ban on raw jute export by B'desh to be taken up

New Delhi, Nov 26 (KNN) With the view to stabilize the raw jute market and for tackling the situation of rise in the price of raw jute, government formulated three-pronged strategy in a meeting held recently.

Minister for Textiles, Santosh Kumar Gangwar held a meeting with the stakeholders on November 23 to formulate the strategies.
The three-pronged strategies formulated by the Government after the discussions were-

1. Stock limits, de-hoarding operations: Jute Commissioner has been requested 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. 

 

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

 

1. Promoting jute cultivation: Appropriate long-term measures shall be taken by the State Governments and Department of Agriculture, Government of India for encouraging jute cultivation and checking its declining trend.

 
Moloy Ghatak, Minister in Charge, Labour, Government of West Bengal, Sukhendu Sekhar Roy, MP, also a member of National Jute Board, S.K. Panda, Secretary (Textiles), A.M. Reddy, Joint Secretary, Subrata Gupta, Jute Commissioner and officers from Ministry of Textiles, Department of Commerce, Department of Food & Public Distribution and Department of Agriculture & Cooperation, Indian Jute Millers Association and Jute Balers’ Association attended the meeting. (KNN Bureau)