Discuss any three problems faced by jute industry and suggest two ways to solve them.
Answers
High cost of production
2 Storage of raw Jute
3 Shortage of Power Supply
4 Growth of Jute mills in Bangladesh and loss of foreign marke
5 Emergence of substitute goods against gunny bags and loss of demand for jute goods
The major problems of Indian Jute Industries are mentioned below:
High cost of production: Equipments for production are all worn out, outmoded in design. Many mills are uneconomic. Products are made costlier.
Storage of raw Jute: Jute industry suffers from inadequate supply of raw jute.
Shortage of Power Supply: Load-shedding creates problem of under-utilization of capacity.
Growth of Jute mills in Bangladesh and loss of foreign market: Newly started jute industry in Bangladesh has captured some of the market of Indian jute goods.
Emergence of substitute goods against gunny bags and loss of demand for jute goods both at home and abroad: Indian jute goods have been losing ground in the world market primarily due to keen competition from synthetic substitutes and also supplies from Bangladesh and China.
nd two ways to solve them are...
The plant and machinery needs to be replaced as soon as possible. Introduction of the more up-to-date, as well as, modernized type of machinery is extremely important. It has to be done without the least delay on priority basis in the interest of producers, as well as, consumers alike.
Loan facility should be extended & available with ease to the industries intending to modernize their plant and machinery.
Proper infrastructure should be set up for assured availability of necessary items like raw-materials, labour and power. This in turn would ensure steady supply.
Economies of large-scale production should be set up to keep the prices of finished products down.
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