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The jute trade is centered mainly around India's West Bengal and Assam, and Bangladesh. The major producing country of jute is India [1] and biggest exporter is Bangladesh, due to their natural fertile soil [citation needed]. Production of jute by India and Bangladesh are respectively 1.968 million ton and 1.349 million metric ton. [2]
The recommendation from this review was to give the JCI a monopoly of jute purchases. [2] A 2010 audit said the company still did not provide effective price support. In the years from 2003 to 2009 the company only bought between 0.99% and 10.4% of the available jute, and covered 43% of jute trading centers.
The Union Cabinet, at a meeting held on 10 October 2018, chaired by Prime Minister Narendra Modi, gave the green signal for the closure of National Jute Manufacturers Corporation Ltd. (NJMC) along with its subsidiary Birds Jute and Exporters Ltd. (BJEL). NJMC had been incurring losses for several years and was under reference to BIFR since 1993.
State Commission can accept complaints from consumer if the value of goods or services is more than ₹1 crore but less than ₹10 crores ( earlier limit was between ₹20 lakh and ₹1 crore) . National Commission can accept complaints from consumer if the value of goods or services is more than 10 crores.
India is the second largest producer of fibre. The country is the world's largest producer of cotton and jute. [5] [6] India is also the world's second largest producer of silk. [7] Other fibres produced in India include wool, and man-made fibres. 100% FDI is allowed via automatic route in textile sector.
The National Union of Jute Workers, a trade union of jute mill workers with headquarters in West Bengal, India. The union is affiliated to the Indian National Trade Union Congress. Along with the Bengal Chatkal Mazdorr Union, affiliated to CITU, it is considered one of the two leading unions for jute workers India. [1]
India is the world's largest producer of jute, [11] [12] but imported approximately 162,000 tonnes [13] of raw fiber and 175,000 tonnes [14] of jute products in 2011. India, Pakistan, and China import significant quantities of jute fiber and products from Bangladesh, as do the United Kingdom, Japan, United States, France, Spain, Ivory Coast ...
Jute is primarily grown in West Bengal, Odisha, Assam, Meghalaya, Tripura and Andhra Pradesh. India is the largest producer or cultivator of jute in the world. Its 1987 law mandating the use of jute for certain packaging is one reason it is also the largest consumer of jute in the world. [2]