Why were many Jute mills in India closed down
Answers
Answer:
I think 14 mills are closed in India
Explanation:
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Answer:
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Explanation:
After a strong battle for survival, Adamjee Jute Mills was officially closed down in 2002 despite huge protests from local policy makers and political opponents. In that place, a new industrial zone has been installed, Adamjee Export Processing Zone.
Of the 28 private and public sector jute mills that closed, 17 were in West Bengal (up from 10 in FY15) while six were located in Andhra Pradesh, Union Textiles Minister Smriti Irani said. The remaining five mills were in Odisha, Bihar, UP and Chhattisgarh.
"Government has been implementing several schemes and measures for supporting the jute manufacturing units in particular and the jute sector in general," Irani said.
The government provides an assured market to the jute sector under the Jute Packaging Materials Act, 1987.
Under the Act, government has mandated 90 per cent of foodgrains and 20 per cent of sugar be packed in jute bags. The annual subsidy for this amounts to Rs 5,500 crore approximately.