India News | Goal is to Increase Price of Jute Bags from Rs 1,15,000 Per Tonne to Rs 2 Lakh: Giriraj Singh
Get latest articles and stories on India at LatestLY. Union minister Giriraj Singh on Thursday said his goal is to increase the price of finished jute bags from Rs 1,15,000 per tonne to Rs 2 lakh in the near future, driven by value addition through innovations and modernisation efforts.
Kolkata, Jan 2 (PTI) Union minister Giriraj Singh on Thursday said his goal is to increase the price of finished jute bags from Rs 1,15,000 per tonne to Rs 2 lakh in the near future, driven by value addition through innovations and modernisation efforts.
Speaking to reporters here, the Union minister of textiles said, "This is possible with close coordination between all stakeholders, including the government, mills, and farmers."
He also informed that the Centre had approved a new pricing formula for jute bags meant for government procurement for foodgrains packaging.
Singh said, "the sale of jute products is expected to cross Rs 14,000 crore this year," demonstrating the growth and potential of the industry.
The growth of the golden fibre, he said, "will benefit around 4 lakh jute mill workers and 40 lakh farmer families engaged in its cultivation, primarily in West Bengal."
During his visit to ICAR-CRIJAF, Barrackpore, the minister met industry representatives to review the sector and discussed "value addition and modernisation that will boost the eco-friendly fibre's top line."
Singh informed that his ministry has "taken several initiatives to strengthen the sector's contribution to growth and enhance India's position in the global textile industry."
The minister also inaugurated a flax scutching machine, inspected the biotechnology lab, and visited the CRIJAF fibre museum during his visit.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)