The jute industry has demanded imposition of a countervailing duty on jute imports from Bangladesh. Indian jute manufacturers have raised the demand ahead of the Union Budget to counter surging imports from Bangladesh that have grown 35 per cent in the April-December period of this fiscal.
Over the same period, domestic jute bag manufacturers cut production by more than 25 per cent. The main complaint is that there is zero duty on import of jute goods from Bangladesh, thereby creating a non-level playing field between jute manufacturers of India and Bangladesh.
The industry has also urged the government to expedite the use of jute geo-textiles in at least 15 per cent of the road construction program, as using this product in about 200 projects has been found to be beneficial and cost effective in road construction, river bank protection as well as hill slope stabilization.
Mills estimate it’s possible to reduce the cost of jute bags supplied to the government for food grain packing by as much as 30 per cent over the next two to three years through technological upgradation of jute mills and product redesigning. They say if market stability is provided by the government to the industry for sacking, jute mills would be able to increase the share of value added jute products from the current two per cent to seven to eight per cent in the next five years.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
The new fashion equation, quality, agility and value replace speed and discounts
The traditional order that once separated low-cost fast fashion from premium luxury is steadily breaking down as consumers become more... Read more
AI goes invisible as fashion brands rewire design studios
The fashion industry's digital transformation is entering a new phase. After investing heavily in sophisticated 3D computer-aided design (CAD) platforms... Read more
Natural fibers gain ground as global retail pushes back against polyester
A change is underway across the global textile industry as consumer preferences begin to alter sourcing decisions that have long... Read more
From exclusivity to engagement, luxury retail rewrites its growth strategy for 2…
The global luxury industry is entering a different growth cycle. After years of post-pandemic spending riding on affluent consumers and... Read more
Shaping the future of fashion at BRICS+ 2026
The upcoming BRICS+ Fashion Summit in Moscow promises to be a pivotal international gathering, offering a dedicated platform for fast-growing... Read more
The 10.3 mn-tonne cotton trade boom will be driven by scarcity, not surplus
The global cotton trade is entering an unusual expansion phase. Trade volumes are expected to rise steadily over the next... Read more
From Volume to Value: How fashion supply chains are defending margins through 20…
For decades, the global textile and apparel industry measured success through factory utilisation. Full order books, high machine occupancy and... Read more
The new retail math, smaller footprint, faster returns, sharper focus
The US retail industry is passing through one of its most impactful change in decades. What appears on the surface... Read more
The Operator Economy: China is rewriting the rules of global brand ownership
For decades, Western brands relied on centralized control over design, distribution, merchandising, and retail expansion in China market. That model... Read more
US cotton blacklist reshapes global textile supply chains
The US’ latest expansion of the Uyghur Forced Labor Prevention Act (UFLPA) Entity List is more than another trade sanction.... Read more












