 "A few jute firms are spinning a modern yarn, but shortages may be a hurdle")
The over a century-and-a-half-old jute mill industry in the country is sharply divided in two groups. About half a dozen composite jute factories have by way of risking investment in new-age value added products (VAP) requiring installation of modern machinery and bringing about major changes in work culture in a highly unionised industry environment have seen their profits soar.
A textile ministry note says around 90 per cent of the industry’s annual production ranging from 1.15 million tonnes (mt) to 1.25 mt in recent years is domestically consumed as a packaging material. But in this industry, a few truly modern factories
