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Ailing Jute industry And Ghanshyam Sarda – A Constant Support to It

Updated on August 2, 2016

Jute Industry Gets Comprehensive Support

Jute industry all over the world has been facing a tough time. Many farmers and workers are opting for some other works. While quite a few suicidal cases are also reported. These are also affecting the entire industry.

India has been the largest producer of jute. Jute is a natural fibre that is cheap and is environment friendly but sadly the sales have dipped rapidly. Presently due to various factors the industry has received a complete set back.

• Use of Synthetic materials is still quite high as they are cheaper
• Stiff competition from Countries like Bangladesh
• Loss of Foreign markets
• Demand is less
• Cost of production is extremely high
• Raw material Shortage
• Old machines
• Shortage of proper power Supply

The CEO at the Northbrook jute mill has been murdered and after that the mill has been shut down for quite a while. Presently it has again reopened but the problem in jute industry has not stopped yet. Jute industry requires a strong support from the government as well as people like Ghanshyam Sarda. He is the owner of the Sarda Group and is the owner of more than 9 jute mills. 20% of the entire stake of the jute industry of India is controlled by the group.

Jute products have to be made mandatory by the government of India. Modernization of machines is extremely necessary and the raw materials are to be grown more in number. The jute mills that are facing bad times needs to be revived by the initiative of the government or by some private brands. Then no one can ignore it. This will also retain the jobs of many workers who work are employed in the industry. A government report says that 0.37 million people are employed directly in this particular industry. Jute forms a large part of the economy so need of its revival is simply necessary. Ghanshyam Sarda Kolkata Group has been instrumental in reviving the condition of the industry. Jute has been the pride of the country which has been losing its status fast.
So, it is extremely important that jute regains its position. This will not simply improve the condition but it will also boost the industry too.

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      subhojit 14 months ago

      nice one