Which challenges which challenges faced by jute industry in India for class 10th
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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.
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.
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Answer:
Challenges faced by the industry include stiff competition in the international market from other competitors like Bangladesh, Brazil, Philippines, Egypt and Thailand
Explanation:
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