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Economy

Jute industry in crisis over Bangladesh's imports

In a letter to the textile minister, the Jute Balers' Association expressed concerns over the influx of raw jute from Bangladesh, which has resulted in low orders for Indian mills. The association warned that this situation has created a significant payment crisis for domestic suppliers. The Indian Jute Mills Association (IJMA) has also echoed these concerns and has sought intervention from both central and state governments to address the crisis.

News Arena Network Jul 15 2024

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