The jute sector had ₹4,500-crore annual export potential. It was ₹3,000 crore final monetary yr and was projected to be virtually ₹3,500 crore through the present fiscal.
| Photograph Credit score: ASHOKE CHAKRABARTY
Jute manufacturing is anticipated to drop by 20% this monetary yr, mentioned Shashi Bhushan Singh, secretary of the Nationwide Jute Board.
Mr. Singh, who was in Coimbatore for an expo organised by the Board, instructed The Hindu on Thursday that cultivation was affected in West Bengal and Assam due to pure calamities this yr. Floods had broken the crop in some areas, impacting manufacturing.
Jute exports had the potential for ₹4,500 crore yearly. It was ₹3,000 crore final monetary yr and was projected to be virtually ₹3,500 crore through the present fiscal.
The Board was making ready a draft for Jute Expertise Mission 2.0 and performed conferences with stakeholders. It was additionally supporting analysis initiatives to search out extra purposes for jute. Lab testing was over for extracting ethanol from jute crops. It was estimated that one tonne of jute plant would give 495 litres of ethanol. There have been plans to arrange a pilot unit, he mentioned. One other undertaking was to make jute composite supplies that might be used for various functions, he mentioned.
Revealed – September 13, 2024 07:51 pm IST
