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What are the challenges of cotton and jute industries\xa0\xa0 |
| Answer» Ans. The major problems of Indian Jute Industries are mentioned below:\tHigh cost of production: Equipments for production are all worn out, outmoded in design. Many mills are uneconomic. Products are made costlier.\tStorage of raw Jute: Jute industry suffers from inadequate supply of raw jute.\tShortage of Power Supply: Load-shedding creates problem of under-utilization of capacity.\tGrowth of Jute mills in Bangladesh and loss of foreign market: Newly started jute industry in Bangladesh has captured some of the market of Indian jute goods.\tEmergence of substitute goods against gunny bags and loss of demand for jute goods both at home and abroad: Indian jute goods have been losing ground in the world market primarily due to keen competition from synthetic substitutes and also supplies from Bangladesh and China. | |