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Golden Thread's Future Array in the World Market!

Jute a versatile fibre Jute is a trulyChina's strengthening import demand will also
versatile fibre gifted to man by nature .Oneenhance the export trade activities which
of the most valuable natural resources ofotherwise  would  have  declined.
India. With the growing concern over the
damage to the environment that plastic mayChina's demand for jute is said to balance
cause in manier fields jute has served to bethe demand for jute which otherwise was said
the best alternative. As a natural fibre, itto decline with the fast decline in
has many advantages over synthetics. Juteconsumption and import demand by Pakistan, a
handicrafts of India have created a niche thetraditional importer of fibber. Not only that
world over. Jute has been recognized asbut due to Chinese demand world market is
environment friendly as it is biodegradableexpected to increase the proportion of jute
which merge with the soil after sustained usetraded, from 36 percent of total world
providing  nourishment  to  the  soil.production to 39 percent by 2010. Bangladesh
is expected to remain the largest net
Traditional jute products occupy a dominantexporting country accounting for over 75
share in both the production and exports.percent of world trade in aggregated jute
Over all it is seen that this marvelous fiberfibber and goods. Net exports from India, the
is cultivated almost exclusively insecond largest net exporting country, are
developing countries of East Asia and in someexpected to remain stable at approximately
parts of Latin America. Bangladesh, India and185 000 tones. Sacking and carpet backing are
Thailand account for over 90 percent of worldlikely to be the main jute products exported.
production. Jute constitutes a low proportionExports of fibber are projected to remain at
of the value of world trade, but itsaround 250 000 tones. Government promotions
cultivation and processing is labor-intensivefor Jute sector our government has also
and therefore provides a livelihood and anrecognized the fact that this important
important source of food security for manysector of the economy has not been given its
farmers and their families in Asia. Jutedue importance in the recent past. However
Export Scenario India is the world's largestthe Indian government is seen playing its
producer of raw jute. It alone producesactive role in carrying out supportive
world's 50% of raw jute and 40% of finishedmeasures to further enhance the exports trade
jute goods. It is said that employment ofmarket.
approximately 40 million farmers and 0.2
million-factory workers in India depends uponIt is said to carry out research and
this golden fibber. Approximately totaldevelopment; technology upgradation; creation
number of jute mills in India is 73 out ofof infrastructure for storage and marketing
which 59 of them are in West Bengal. Westof raw jute and product and market
Bengal is the largest Jute producing state indevelopment activities for jute and
the country accounting for 71% of thediversified jute products. Jute Manufacturers
production.Development Council (JMDC) supported by its
three branch offices provides direct
The states of Bizarre and Assume rank secondassistance and marketing through its
and third respectively. Jute, the 'goldenshowrooms, regular exhibitions-cum-sales all
fiber' has traditionally been woven andover the country and abroad and also by
knotted and braided by women of Bengal, oftenorganizing domestic workshops and seminars.
for domestic storage too. Today Bengal is aIt also organizes demonstrations and training
major producer of jute goods ranging fromprograms for farmers in improved agriculture
plush jute-blended carpets, to decorativepractices. The Jute Corporation of India
tapestries, garden pot hangings, decorativeprovides the farmers just prices for their
handbags, bedspreads and more. In 50 villagescrops through price support operations in the
of the Kaliaganj area in West Dinajpur, theevent of farmers getting the prices below
process of coloring, weaving of jute onminimum support price. At times it also takes
single looms goes on, as the world outsidecommercial purchase of raw jute for jute
turns once again to this wonderful naturalmills, directly from farmers or through jute
fiber. Assuming that weather conditions andcooperatives. It also plans to Increase
yield of jute follow their normal patterns,exports through innovative marketing
world production of jute is projected at 2.4strategies and improvement of product design
million tones by 2010. India is projected toand quality consciousness in the jute
increase its dominance of global juteindustry and also by developing
production, accounting for 66 percent of theinfrastructure facilities in the
world production by 2010, compared to 58predominantly textile and apparel export
percent in the past. Export trend as seen byoriented areas in close co-operation with
experts reveals that USA, Belgium, Syria, andFinancial Institutions and the private
UK, TURKEY had been the five major importingsector. The Government's effort with UNDP to
countries for Indian Jute Goods whichdevelop jute sector mainly through
accounted for about 51% of total value ofdiversification of jute products seem to have
Jute Goods. Other five major countriespaid off and the jute industry has taken off
importing jute from India were Japan, Egypt,to transform itself from the once sunset
Netherlands, Saudi Arabia, and Germany, whichindustry into sunrise industry.
accounts for 18% of total value of exports.



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