Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Centre sets up panel for jute industry revival
Namrata Acharya / Kolkata Apr 11, 2009, 00:07 IST

In order to revive the jute industry, the Union government has set up a high level committee with representatives from the Union finance and labour ministries, West Bengal government, labour unions and the The Indian Jute Mills Association (IJMA).

The committee would examine issues pertaining to costing, statutory obligations and agreement, and training in the jute industry, under three different sub-committees, and submit a detailed report on each of the aspects within a month's time, said Sanjay Kajaria, chairman, IJMA.

 
While the committee on costing is being headed by a representative from the Union finance ministry, that on statutory obligations and agreement is under the labour ministry. The sub-committee on training is working under the state labour commission.

Recently, IJMA had also appointed Ernst & Young for a detailed study on the revival of the jute industry.

The jute industry has been witnessing labour unrest and frequent strikes over the last few years on issues like non-payment of standing provident fund (PF) and gratuity dues.

In May last year, a personal manager of a jute mill in Titagarh, North 24-Parganas, was battered to death in his office on the mill premises, while the Sangrami Mazdoor Union (SMU) conducted protests in the premises.

The shrinking demand for jute in the packaging industry has also been a cause of concern for jute mill owners.

At present, there are about 59 jute mills in Kolkata, and 52 are operating. The rest, mostly owned by the government, are under lock-out due to the paucity of funds. Even in operating jute mills, the production has been falling.

Moreover, due to the advent of plastics and the inability of the mill owners to diversify and implement modern means of production, while taking the workers into confidence, the jute industry has been shrinking in the state.

The industry has also been relying on political support to maintain 100 per cent reservation for jute usage in sugar and foodgrain packaging, under the Jute Materials Packaging Act (JPMA), for several years. However, the unavailability of jute sacking material in the peak season often leads to the violation of the Act. West Bengal accounts for more than 85 per cent of the jute production in the country.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- EGoM to now decide on base price for spectrum auction
- Air India pilots wanted a halt to command training of IA pilots
- Rohit Viswanath: The news about soft power
- Traders go long on $-Re , short on Euro-Re
- Covering life, health is not all
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us