Golden Thread's Future Array in the World Market!

Jute a versatile fibre Jute is a truly versatile fibre giftedstrengthening import demand will also enhance the
to man by nature .One of the most valuable naturalexport trade activities which otherwise would have
resources of India. With the growing concern over thedeclined.
damage to the environment that plastic may cause inChina's demand for jute is said to balance the demand
manier fields jute has served to be the best alternative.for jute which otherwise was said to decline with the
As a natural fibre, it has many advantages overfast decline in consumption and import demand by
synthetics. Jute handicrafts of India have created aPakistan, a traditional importer of fibber. Not only that
niche the world over. Jute has been recognized asbut due to Chinese demand world market is expected
environment friendly as it is biodegradable whichto increase the proportion of jute traded, from 36
merge with the soil after sustained use providingpercent of total world production to 39 percent by
nourishment to the soil.2010. Bangladesh is expected to remain the largest net
Traditional jute products occupy a dominant share inexporting country accounting for over 75 percent of
both the production and exports. Over all it is seen thatworld trade in aggregated jute fibber and goods. Net
this marvelous fiber is cultivated almost exclusively inexports from India, the second largest net exporting
developing countries of East Asia and in some partscountry, are expected to remain stable at
of Latin America. Bangladesh, India and Thailandapproximately 185 000 tones. Sacking and carpet
account for over 90 percent of world production. Jutebacking are likely to be the main jute products
constitutes a low proportion of the value of worldexported. Exports of fibber are projected to remain at
trade, but its cultivation and processing is labor-intensivearound 250 000 tones. Government promotions for
and therefore provides a livelihood and an importantJute sector our government has also recognized the
source of food security for many farmers and theirfact that this important sector of the economy has not
families in Asia. Jute Export Scenario India is thebeen given its due importance in the recent past.
world's largest producer of raw jute. It alone producesHowever the Indian government is seen playing its
world's 50% of raw jute and 40% of finished juteactive role in carrying out supportive measures to
goods. It is said that employment of approximately 40further enhance the exports trade market.
million farmers and 0.2 million-factory workers in IndiaIt is said to carry out research and development;
depends upon this golden fibber. Approximately totaltechnology upgradation; creation of infrastructure for
number of jute mills in India is 73 out of which 59 ofstorage and marketing of raw jute and product and
them are in West Bengal. West Bengal is the largestmarket development activities for jute and diversified
Jute producing state in the country accounting for 71%jute products. Jute Manufacturers Development
of the production.Council (JMDC) supported by its three branch offices
The states of Bizarre and Assume rank second andprovides direct assistance and marketing through its
third respectively. Jute, the 'golden fiber' has traditionallyshowrooms, regular exhibitions-cum-sales all over the
been woven and knotted and braided by women ofcountry and abroad and also by organizing domestic
Bengal, often for domestic storage too. Today Bengalworkshops and seminars. It also organizes
is a major producer of jute goods ranging from plushdemonstrations and training programs for farmers in
jute-blended carpets, to decorative tapestries, gardenimproved agriculture practices. The Jute Corporation of
pot hangings, decorative handbags, bedspreads andIndia provides the farmers just prices for their crops
more. In 50 villages of the Kaliaganj area in Westthrough price support operations in the event of
Dinajpur, the process of coloring, weaving of jute onfarmers getting the prices below minimum support
single looms goes on, as the world outside turns onceprice. At times it also takes commercial purchase of
again to this wonderful natural fiber. Assuming thatraw jute for jute mills, directly from farmers or through
weather conditions and yield of jute follow their normaljute cooperatives. It also plans to Increase exports
patterns, world production of jute is projected at 2.4through innovative marketing strategies and
million tones by 2010. India is projected to increase itsimprovement of product design and quality
dominance of global jute production, accounting for 66consciousness in the jute industry and also by
percent of the world production by 2010, compared todeveloping infrastructure facilities in the predominantly
58 percent in the past. Export trend as seen bytextile and apparel export oriented areas in close
experts reveals that USA, Belgium, Syria, and UK,co-operation with Financial Institutions and the private
TURKEY had been the five major importing countriessector. The Government's effort with UNDP to
for Indian Jute Goods which accounted for about 51%develop jute sector mainly through diversification of
of total value of Jute Goods. Other five majorjute products seem to have paid off and the jute
countries importing jute from India were Japan, Egypt,industry has taken off to transform itself from the
Netherlands, Saudi Arabia, and Germany, whichonce sunset industry into sunrise industry.
accounts for 18% of total value of exports. China's