Advertise Here [468 W x 60 H pixels]
Web Exclusive | September 2017

Jute mills decry bag pricing formulae

The Indian Jute Mills Association (IJMA) is concerned over the proposed new pricing formulae of jute bags adopted by the Tariff Commission 2017 that will bring down prices of the bags supplied to the Government by minimum 10 per cent. The Association feels if the pricing is implemented from September, several mills will turn ‘unviable’ and shut down.

The Tariff Commission recently said in its fifth report that jute bag prices are 10-15 per cent lower than the price at which the government purchases them. IJMA representatives have met jute commissioner A Madhukumar Reddy to discuss the issue, according to news agency report.

IJMA has also raised the issues with West Bengal Labour Minister Moloy Ghatak and wants the State Government to intervene in the matter. Jute mills in the state, which accounts for more than 80 per cent of the jute production in India, directly employ over 2.5 lakh people and engage three to five lakh farmers indirectly. The jute industry may annually lose Rs 200 crore if the new pricing is implemented. A loss of about Rs 3,000 will be incurred on each tonne. The Government agencies procure jute bags at a cost of Rs 65,000 per tonne.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
AB Carter India Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Bracker AG (Rieter)      Chandra Electric Company      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Graf (Rieter India)      Grasim Industries Ltd      Inditech International (Binsfeld)      Innova Machines      ITEMA WEAVING (INDIA) PVT LTD      Jacobi Machinery Pvt Ltd (Simta)      Jiangyin Guoguang Calender And Fibre Roller Co., Ltd      Jogindra Industries Pvt Ltd      K Tex Engineering Services      K U Sodalamuthu and Co. Pvt Ltd      Kern-Liebers Knitting Parts GmbH      Lakshmi Machine Works Ltd      Lakshmi Ring Travellers Cbe Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Mangal Singh Brothers Pvt Ltd      Marvel Gloves Industries / FAB Industries      Marzoli Machine Textiles S.R.L      MM International      Mohler Machine Works Pvt Ltd      Moksha Thermoplastics Pvt. Ltd      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Picanol N V      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Sabar Engineering Pvt Ltd      Sanmit Card Clothing India Pvt Ltd      Saurer Textile Solutions Pvt. Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sieger Spintech Equipments Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sudarshan Gears      Swissmem      Techno Industries      Trident Pneumatics Pvt Ltd      Unitop Aquacare Evaporation and Driving System      AB Carter India Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Bracker AG (Rieter)      Chandra Electric Company      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Graf (Rieter India)      Grasim Industries Ltd      Inditech International (Binsfeld)      Innova Machines      ITEMA WEAVING (INDIA) PVT LTD      Jacobi Machinery Pvt Ltd (Simta)      Jiangyin Guoguang Calender And Fibre Roller Co., Ltd      Jogindra Industries Pvt Ltd      K Tex Engineering Services      K U Sodalamuthu and Co. Pvt Ltd      Kern-Liebers Knitting Parts GmbH      Lakshmi Machine Works Ltd      Lakshmi Ring Travellers Cbe Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Mangal Singh Brothers Pvt Ltd      Marvel Gloves Industries / FAB Industries      Marzoli Machine Textiles S.R.L      MM International      Mohler Machine Works Pvt Ltd      Moksha Thermoplastics Pvt. Ltd      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Picanol N V      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Sabar Engineering Pvt Ltd      Sanmit Card Clothing India Pvt Ltd      Saurer Textile Solutions Pvt. Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sieger Spintech Equipments Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sudarshan Gears      Swissmem      Techno Industries      Trident Pneumatics Pvt Ltd      Unitop Aquacare Evaporation and Driving System