National Jute Policy to increase Jute product exports

By : |November 29, 2006 0

NEW DELHI: The salient features of the National Jute Policy will help increase the quantity of export of jute and jute products by achieving a CAGR of 15% per annum, produce good quality jute fibre and value added diversified jute products, ensure remunerative prices to the jute farmers and enhance per hectare yield of raw jute.

This was stated by the minister of state for textiles EVKS Elangovan in a written reply in Lok Sabha.

He also said that "For the successful development of next-generation Jute Machinery to reduce the cost of production and / or quality improvement, as also for aiding export of jute products, the National Jute Policy, 2005 recommended that the following measures have to be put in place in a time span of five years:
– To complete comprehensive Benchmarking (through Technology Audit) to assess the present technological status of the jute industry;
– To formulate a 5 year Plan for machinery development, for both the organized and decentralized sectors (and also for the cottage industry); and
– To establish a separate R&D set-up in the area of a Public-Private Partnership in consultation with the appropriate Ministries of the Government of India.

The National Jute Policy also envisages the establishment of a Jute Technology Mission (JTM). Mini Mission –IV of the Mission has a component for Machinery Development, he said.

As per statistics: June, 2006, published by FAO, World exports of jute, kenaf and allied fibres during 2004 was 7,40,200 M.Ton. India’s export during 2004-05 was 3,21, 800 M.Ton. This constituted 43 per cent of world export, the minister said. 
Export Target fixed for  of the 10th Plan period is US$ 634.52 million  for Jute, Hemp, Mesta Textiles, he added. 

Export Performance  of Indian Jute Sector during the 10th Plan period is given below :-

<li>Year       Qty.(‘000 M.Ton)     Value(Rs./Crore)    US$ / Million

2002-03     226.0               913.32              187.00
2003-04     310.4              1051.88              234.00
2004-05     321.8              1146.90              263.00
2005-06     285.8              1186.24              276.00
Total      1144.0             4298.34               960.00
2006-07     104.3              583.60               126.86

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