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Imports from Bangladesh aggravate jute sector crisis: Stakeholders to govt

Business Standard LogoBusiness Standard1d ago

Imports from Bangladesh aggravate jute sector crisis: Stakeholders to govt - Business Standard

Quick Summary:

In a letter to the textile minister, the Jute Balers' Association has raised concerns over the "unregulated import of raw jute" from the neighbouring country and "low orders" for mills have led to a severe payment crisis for domestic raw jute suppliers.

A body of jute suppliers have written to Union Minister Giriraj Singh, alleging that raw material imports from Bangladesh, either directly by mills or through third parties, have adversely impacted the industry and farmers.

Indian Jute Mills Association has also raised concerns over the issue and sought intervention from the central and state governments to tide over the crisis.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 14:40:55 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21624799

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 265 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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