Question

What are the objectives of formulating National Jute Policy? In which year was this policy formulated? Do you think that the demand for jute products will pick up at global level and why?

Answer 1

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In 2005, the government formulated the National Jute Policy with the objective of increasing productivity, improving quality, ensuring good prices to jute farmers and enhancing the yield per hectare. The jute industry faced tough competition from synthetic substitutes and competitors such as Bangladesh and Brazil.

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Answer 2

Explanation:

In 2005, the government formulated the National Jute Policy with the objective of increasing productivity, improving quality, ensuring good prices to jute farmers and enhancing the yield per hectare. The jute industry faced tough competition from synthetic substitutes and competitors such as Bangladesh and Brazil.

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