What are the challenges faced by jute industries? How National Jute Po

1.	What are the challenges faced by jute industries? How National Jute Policy is a big relief to address these challenges?
Answer» Answer: The two challenges faced by the jute industry in India are: (i) Stiff COMPETITION in the international market from synthetic substitutes. (II) Supply competition from other jute PRODUCING nations like Bangladesh, Brazil, Philippines, Egypt and Thailand. The major objective of the National Jute Policy, 2005 are: (i) To increase productivity. (ii) To improve quality. (III) Ensuring good prices to the jute farmers. (iv) Enhancing the yield per hectare.

What are the challenges faced by jute industries? How National Jute Policy is a big relief to address these challenges?

Answer»

Answer:

The two challenges faced by the jute industry in India are:

(i) Stiff COMPETITION in the international market from synthetic substitutes.

(II) Supply competition from other jute PRODUCING nations like Bangladesh, Brazil, Philippines, Egypt and Thailand.

The major objective of the National Jute Policy, 2005 are:

(i) To increase productivity.

(ii) To improve quality.

(III) Ensuring good prices to the jute farmers.

(iv) Enhancing the yield per hectare.