Jute supply plummeting after the monetary reform

News Tags: absence of a payment arrangement, Decline of cotton supply to textile units, disruption in sourcing, finished product, following similar trend, IJMA, jute mill, production of raw jute, rural and secondary markets, supply of raw jute to mills, the jute supply, vis-a vis demonetization

Calcutta
Jute supply plummeting after the monetary reform
Summary: 
With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement.

With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement.

http://www.telegraphindia.com/1161207/jsp/business/story_123335.jsp#.WEerL7k5HDc
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National Jute Board to diversify the excess capacity of jute mills into geo-textile

News Tags: civil engineering application, geo-textile, India jute industry, jute geotextiles roads, jute mill, National Jute Board

Kolkata
National Jute Board
Summary: 
The National Jute Board (NJB) is looking to diversify the excess capacity of the Jute mills into geo-textile or civil engineering applications, in order to save the struggling jute industry.

The National Jute Board (NJB) is looking to diversify the excess capacity of the Jute mills into geo-textile or civil engineering applications, in order to save the struggling jute industry.

http://www.business-standard.com/article/current-affairs/national-jute-board-to-diversify-into-geo-textile-114082901005_1.html
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Proposal of turning BJMC into holding company called off

News Tags: BJMC, golden fibre, holding company, jute mill, jute product

Dhaka
Proposal of turning BJMC into holding company called off
Summary: 
The Bangladesh Jute Mills Corporation (BJMC) will not be transformed into a holding company. The proposal given by finance ministry for turning the BJMC into a holding company has been called off.

The Bangladesh Jute Mills Corporation (BJMC) will not be transformed into a holding company. The proposal given by finance ministry for turning the BJMC into a holding company has been called off.
 
State Minister for Textiles and Jute Mirza Azam offered the clarification, quashing a finance ministry proposal, at the session dedicated to the textiles and jute ministry at of DCs’ (deputy commissioner) conference in Dhaka.
 

http://bdnews24.com/bangladesh/2014/07/10/bjmc-status-not-to-change
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Jute mill owners concerned over decision on reopening mill

News Tags: Indian jute industry, jute bags, jute mill, parliamentary secretary, reopen, structural problem, Victoria jute mill

Kolkata
Jute mill owners concerned over  decision on reopening mill
Summary: 
After the meeting held by parliamentary secretary (labour) Tapan Dasgupta, Victoria mill president R.K. Singh “reluctantly” agreed to reopen the factory in Chandernagore, which was closed down since June 17 following alleged despoilment by the labourers on the premises.

After the meeting held by parliamentary secretary (labour) Tapan Dasgupta, Victoria mill president R.K. Singh “reluctantly” agreed to reopen the factory in Chandernagore, which was closed down since June 17 following alleged despoilment by the labourers on the premises.

Ten employees of Victoria Jute Mill were suspended after they allegedly caused damage to equipment on the premises. But, the workers claimed that a colleague on night duty had fallen ill and were yet asked to continue working.

http://www.telegraphindia.com/1140629/jsp/business/story_18562843.jsp
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BD MoC takes up the initiative to increase export markets for jute and jute goods

News Tags: Bangladesh jute export, jute mill

Bangladesh
BD MoC takes up the initiative to increase export markets for jute and jute good
Summary: 
The Bangladeshi ministry of commerce (MoC) takes the initiative of not only increasing exports of jute and jute products to the international market but to expand its export markets. As its export earnings from jute and jute goods has dropped by more than 30 per cent during the period July-January of the current fiscal year. It earned only US$ 592 million against US$ 646 million during the same period in the last FY.

The Bangladeshi ministry of commerce (MoC) takes the initiative of not only increasing exports of jute and jute products to the international market but to expand its export markets. As its export earnings from jute and jute goods has dropped by more than 30 per cent during the period July-January of the current fiscal year. It earned only US$ 592 million against US$ 646 million during the same period in the last FY.

http://www.thefinancialexpress-bd.com/2014/04/14/28828
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