Jute industry likely to lose Rs1,000 cr over new packaging recommendations

Related Keywords: Commission for Agricultural Costs and Prices, compulsory provisions do not develop or diversify production lines, exempt sugar, foodgrain packaging, high-value products, IJMA, Indian jute industry, jute bags, jute mills, recommends reduction in compulsory packaging, rising prices of raw jute, union textile ministry

Bhubaneswar
Jute industry likely to lose Rs1,000 cr over new packaging recommendations
Summary: 
The Commission for Agricultural Costs & Prices (CACP) has recommended reduction in compulsory packaging to 75 percent, from the present 90 percent, in case of foodgrain. As these compulsory provisions do not encourage the jute industry to develop or diversify its production lines to high-value products. But according to the jute industry, if the Union government approves the recommendations it will stand to lose Rs1,000 crore in the 2016-17 season.

The Commission for Agricultural Costs & Prices (CACP) has recommended reduction in compulsory packaging to 75 percent, from the present 90 percent, in case of foodgrain. As these compulsory provisions do not encourage the jute industry to develop or diversify its production lines to high-value products. But according to the jute industry, if the Union government approves the recommendations it will stand to lose Rs1,000 crore in the 2016-17 season.

http://www.business-standard.com/article/markets/jute-industry-upset-over-new-packaging-recommendations-116052601017_1.html
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
China stops exporting black clothes to Hong Kong  
  23 Oct , 2019 Read full story  
Clothing rental app tackling fast fashion  
  23 Oct , 2019 Read full story  
Cotopaxi launch in UK marks Europe debut  
  23 Oct , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button