What at the challenges faced by jute industry in India. What step has resulted in the increase of the internal demand of jute in the recent years
Answers
Answer:
Challenges faced by the industry include stiff competition in the international market from synthetic substitutes and from other competitors like Bangladesh, Brazil, Philippines, Egypt and Thailand. The internal demand has increased due to the Government policy of mandatory use of jute packaging.
Jute textile industry is an agro-based Industry. The jute industry creates large jobs and benefits from precious foreign exchanges. In some of the 'eastern Indian states' such as 'West Bengal', 'Bihar', 'Assam and Orissa', 'Jute' contributes significantly to the 'agricultural and industrial economy'.
EXPLANATION:
Challenges faced by the jute industry are as follows
- Stiff competition from synthetic products on the international market.
- Competition from jute producing nations such as Thailand, the Philippines, Egypt and Brazil are strong competition.
- Reduction of demand for packaging and jute moulding and high production costs.
- Old equipment and unreliable.
Governments have taken steps in order to encourage jute production to face the competition from synthetic fibers and other producing countries. This was the goal of the National Jute Policy in 2005. In recent years, government policy of mandatory use of jute packaging has led to increased internal jute demand.
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