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Govt increases raw jute MSP by 9.4%
April 2017
The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi, has given its approval for the increase in the minimum support price (MSP) for raw jute for 2017-18 season to protect the economic interests of the farmers.
Bangla launches e-service to boost textiles
February 2017
To give a fresh impetus to its textile sector, the Bangladesh Government has introduced an electronic service to make the business process hassle-free. The textile sector in Bangladesh is one of the highest foreign income earning windows, currently sharing around 83 per cent of total export earnings.
Face-lift for 24 Bangla jute mills
December 2016
The government of Bangladesh has decided to modernise 24 public sector jute mills with Chinese funding. For several years, state-owned jute mills have been loss-making units and in the last fiscal year their losses amounted to Tk 588 crore.
6 NJMC jute mills to down shutters
December 2016
The Textile Ministry has decided to close down six jute mills of the Bengal and Bihar-based state-run PSU National Jute Manufacturers Corporation (NJMC) and its subsidiary Bird Jute Exports Limited (BJEL).
6 NJMC jute mills to down shutters
November 2016
The Textile Ministry has decided to close down six jute mills of the Bengal and Bihar-based state-run PSU National Jute Manufacturers Corporation (NJMC).
India v/s Turkey
August 2016
India and Turkey have their own advantages & disadvantages, says Raj Tilgul of Rama Dis Tic. ve Danismanlik Ltd, in an in-depth SWOT analysis of these two most important textile countries. India and Turkey are one of the major textile producing and trading countries in the world. There is always a clash of interest as to who is going to export to whom and when, as Turkey is one way a competitor to India and on the other hand a buyer as well. Below is a detailed SWOT analysis and recommendations to both the countries or their trade associations in order to smoothen and develop sustainable trade relations.
Scope of jute geotextiles in civil use stressed
January 2016
Jute geotextiles can be used as reinforcing material to stabilise both peat and black cotton soil as its feasibility for various civil engineering applications was evaluated, Union Jute Commissioner, under Ministry of Textiles, Subrata Gupta disclosed.
TUFS to boost textile & jute sectors
October 2015
┬┤The Textile Upgradation Fund Scheme (TUFS) is an interest subsidy scheme for upgradation of technology as part of measures to boost textile and jute sectors. Some say it is now plagued by issues including non-allocation of subsidy and delayed reimbursement┬┤.
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