Jute mills practicing unfair trade to be banned from government quota

News Tags: 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
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Towards 100% sustainable denim: METALBOTTONI accelerates with green innovations  
  20 Apr , 2018 Read full story  
Scientists have successfully modified a bacterial enzyme to break down polyester  
  20 Apr , 2018 Read full story  
Khadi in a modern and trendy style in South Africa  
  20 Apr , 2018 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