what were the challenges faced by jute industry
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major problems of Jute Industries :
1 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 both at home and abroad
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Answer:
The two challenges faced by the jute industry in India are:
(i) Stiff competition in the international market from synthetic substitutes.
(ii) Supply competition from other jute producing nations like Bangladesh, Brazil, Philippines, Egypt and Thailand.
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