Role of technology and innovation to revitalize jute industry

Related Keywords: at culture and core belief, Bangladesh government, continued erosion of competitiveness of jute mills, domestic market, jute mills, key to enable local technology value addition capacity to grow, large project to upgrade production technology, root cause of ill health of jute sector, under USD three hundred fifty million foreign loan

Dhaka
Role of technology and innovation to revitalize jute industry
Summary: 
Bangladesh government has taken a large project to upgrade production technology of jute mills under $350 million foreign loan due to continued erosion of competitiveness of jute mills in the country. Domestic market is the key to enable local technology value addition capacity to grow.

Bangladesh government has taken a large project to upgrade production technology of jute mills under $350 million foreign loan due to continued erosion of competitiveness of jute mills in the country. Domestic market is the key to enable local technology value addition capacity to grow.

Bangladesh's industrial policy of balancing, modernizing, rehabilitating and expanding (BMRE) with 100 percent import of foreign capital machinery is highly detrimental to the growth of local technology value addition capacity.

http://www.thefinancialexpress-bd.com/2017/02/12/61648/Revitalising-jute-industry:-Role-of-technology-and-innovation
0

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

Jute Commissioner initiate process to cap prices of B Twill jute

Related Keywords: going to be capped, IJMA, initiated process of fixing ceiling, Jute Commissioner, jute mills, price of B Twill jute bags, Prices of finished jute goods, spiraling raw jute prices

Bhubaneswar
Jute Commissioner initiate process to cap prices of B Twill jute
Summary: 
This is the first ever occasion when prices of finished jute goods are going to be capped. After getting a go ahead from the Union textile ministry, the Jute Commissioner has initiated the process of fixing a ceiling on the price of B-Twill.

This is the first ever occasion when prices of finished jute goods are going to be capped. After getting a go ahead from the Union textile ministry, the Jute Commissioner has initiated the process of fixing a ceiling on the price of B-Twill.

http://www.business-standard.com/article/economy-policy/jute-commissioner-starts-process-to-cap-prices-of-sacking-bags-116012100192_1.html
0

Bangladesh jute spinners forced to cut production due to turmoil

Related Keywords: Bangladesh jute spinners, Bangladesh Jute spinners association, bank interest waiver, cut production, hit jute export trade, income of private jute spinners, jute mills, political turmoil, production cost, shipment of raw material

Dhaka
Bangladesh jute spinners forced to cut production due to turmoil
Summary: 
The political turmoil in Bangladesh has hit jute export trade and income of the country's 96 private jute spinners. Overall export earnings and activities of the factories have been hampered because of blockade coupled with hartals enforced by BNP-led 20-party alliance, the Bangladesh Jute Spinners association said.

The political turmoil in Bangladesh has hit jute export trade and income of the country's 96 private jute spinners. Overall export earnings and activities of the factories have been hampered because of blockade coupled with hartals enforced by BNP-led 20-party alliance, the Bangladesh Jute Spinners association said.

http://www.thefinancialexpress-bd.com/2015/04/13/88674
0

Political turmoil in Bangladesh hampered jute export and production by Tk5.1 bn

Related Keywords: Bangladesh jute export, BISA, BJMA, BJMC, forced to cut production, hampered production and exports, jute mills, local trade of jute, peak season for jute harvest, Supply shortage of raw jute

Dhaka
Political turmoil in Bangladesh hampered jute export and production by Tk5.1 bn
Summary: 
Bangladesh exports and local trade of jute hit hard by 20-30 per cent in the last 26 days due to political turmoil. The jute sector suffered loss of an estimated Tk 5.1 billion, insiders said. The Bangladesh Jute Mills Corporation (BJMC), Jute Mills Association (BJMA), Jute Spinners Association (BJSA) officials said that nearly 249 jute mills in the country have been forced to cut production by 42,000 tonnes owing to the blockade enforced by the BNP-led alliance since January 5.

Bangladesh exports and local trade of jute hit hard by 20-30 per cent in the last 26 days due to political turmoil. The jute sector suffered loss of an estimated Tk 5.1 billion, insiders said. The Bangladesh Jute Mills Corporation (BJMC), Jute Mills Association (BJMA), Jute Spinners Association (BJSA) officials said that nearly 249 jute mills in the country have been forced to cut production by 42,000 tonnes owing to the blockade enforced by the BNP-led alliance since January 5.

http://www.thefinancialexpress-bd.com/2015/02/02/78890
0

Pakistan jute industry craving for government backing

Related Keywords: export jute product, food packaging, foreign exchange, hazardous packaging material, jute cultivation, jute mills, Pakistan jute industry, Pakistan jute mills association, raw material, Saqlain Akhtar, Senior VP, technical infrastructure

Lahore
Pakistan jute industry craving for government backing
Summary: 
The Pakistan jute industry is looking for government support in technical infrastructure for industry along with guidance and long term policy support for jute cultivation to substitute import of raw material, exports of jute products after value addition which can earn handsome amount of foreign exchange for the country, which currently stands at around $14 million according to Saqlain Akhtar, Senior Vice President of Pakistan Jute Mills Association (PJMA).

The Pakistan jute industry is looking for government support in technical infrastructure for industry along with guidance and long term policy support for jute cultivation to substitute import of raw material, exports of jute products after value addition which can earn handsome amount of foreign exchange for the country, which currently stands at around $14 million according to Saqlain Akhtar, Senior Vice President of Pakistan Jute Mills Association (PJMA).

http://www.brecorder.com/cotton-a-textiles/185/1250739/
0

BJMC looking for financial assistance of Tk5.0 bn to procure raw jute

Related Keywords: BJMC, financial assistance, financial crisis, growing areas, Hessian bags, Hessian cloth, jute goods export, jute mills, longest natural fibre, procure raw jute, sacking cloth

Bangladesh
BJMC looking for financial assistance of Tk5.0 bn to procure raw jute
Summary: 
Bangladesh Jute Mills Corporation (BJMC) is going through an acute financial crisis mainly due to decline in exports of jute goods is seeking for financial assistance from the government of TK5.0 billion to procure raw jute urgently to feed its mills, as the prime time of cash crop has now set in.

Bangladesh Jute Mills Corporation (BJMC) is going through an acute financial crisis mainly due to decline in exports of jute goods is seeking for financial assistance from the government of TK5.0 billion to procure raw jute urgently to feed its mills, as the prime time of cash crop has now set in.
 
Major-General Humayun Khaled, Chairman of the BJMC, sent Monday a letter to Mahbub Ahmed, senior secretary of the ministry of finance (MoF), seeking the fund support.
 

http://www.thefinancialexpress-bd.com/2014/08/09/49416
Jute Fiber
0

Jute mills practicing unfair trade to be banned from government quota

Related Keywords: ban, Bureau of Indian Standards, cheaper price, government quota, importing jute bags, Indian jute mills association, jute mills, poor quality, unfair trade practices

Bhubaneswar
Jute mills practicing unfair trade to be banned from government quota
Summary: 
Some jute mills, including a majority of them belonging to Indian Jute Mills Association (Ijma), have been found illegally importing jute bags from Bangladesh and Nepal at a cheaper price to sell it at higher prices to the state-owned food procuring agencies for profiteering.

Some jute mills, including a majority of them belonging to Indian Jute Mills Association (Ijma), have been found illegally importing jute bags from Bangladesh and Nepal at a cheaper price to sell it at higher prices to the state-owned food procuring agencies for profiteering.
The Jute Commissioner has warned the jute industry of a ban on their getting a government quota for five years, citing unfair trade practices by some mills.

The Jute Packaging Materials Act, 1987 provides for compulsory packaging of sugar and food grains in jute bags by government agencies up to 100 per cent.

http://www.business-standard.com/article/markets/jute-sector-faces-threat-of-ban-on-government-quota-114072800800_1.html
0

Jute mills in Khulna-Jessore registered sharp decline in export of jute goods

Related Keywords: Bangladesh jute industry, global market, jute exports, jute mills, major importing country, political instability

Bangladesh
Jute mills in Khulna-Jessore registered sharp decline in export of jute goods
Summary: 
The state-owned jute mills in Khulna-Jessore industrial belt has registered a sharp fall in export of jute goods by 38.65 percent in the just concluded fiscal year compared to its preceding fiscal due to lack of demand in global market, over the political instability in major importing countries

The state-owned jute mills in Khulna-Jessore industrial belt has registered a sharp fall in export of jute goods by 38.65 percent in the just concluded fiscal year compared to its preceding fiscal due to lack of demand in global market, over the political instability in major importing countries.
 
According to Bangladesh Jute Mills Corporation (BJMC), about 31,647-tonne jute goods was exported from nine state-run jute mills of the region till the first week of June in the fiscal 2013-14, against the export of 81,881-tonne in the fiscal 2012-13.

http://www.thefinancialexpress-bd.com/2014/07/06/43534
0
 
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