Press Information Bureau

Government of India

Ministry of Textiles

25-November-2015 15:29 IST

Hon’ble Minister for Textiles, Shri Santosh Kumar Gangwar chaired a meeting with the stakeholders on the 23rd November, 2015 to evolve a suitable strategy for stabilizing the raw jute market and for tackling the situation of rise in the price of raw jute.  Shri Moloy Ghatak, Minister in Charge, Labour, Govt. of West Bengal, Shri Sukhendu Sekhar Roy, MP, also a member of National Jute Board, Shri S.K. Panda, Secretary (Textiles), Shri A.M. Reddy, Joint Secretary, Shri Subrata Gupta, Jute Commissioner and officers from Ministry of Textiles, Department of Commerce, Department of Food & Public Distribution and Department of Agriculture & Cooperation, Indian Jute Millers Association and Jute Balers’ Association attended the meeting.  

After discussion, a three-pronged strategy has been formulated by the Government:

    Stock limits, de-hoarding operations: Jute Commissioner has been requested to take appropriate measures for notifying stock limits for raw jute for balers, traders and millers and to undertake de-hoarding measures with the help of State Governments, so that jute produced during the season becomes available for jute mills for continuing their production, as was last done in 2005.

    Lifting of export ban by Bangladesh: Department of Commerce and Ministry of External Affairs have been requested to take up the matter with their counterparts in Republic of Bangladesh for lifting the ban on export of raw jute by Bangladesh.

    Promoting jute cultivation: Appropriate long-term measures shall be taken by the State Governments and Department of Agriculture, Government of India for encouraging jute cultivation and checking its declining trend.

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DJM

Stock limits and de-hoarding measures ordered to stabilise raw jute supply and market availability. The Government directed the Jute Commissioner to notify stock limits and undertake de-hoarding with State Governments to release seasonally produced raw jute to mills; asked the Department of Commerce and Ministry of External Affairs to seek lifting of Bangladesh's export ban; and instructed State Governments and the Department of Agriculture to adopt measures to promote jute cultivation and check its decline.