6:18 AM
Indian Jute Mills Association (IJMA) has sought withdrawal of the ban on export of raw jute imposed by the government of Bangladesh recently, report The Hindu.
A delegation, led by IJMA chairman Manish Poddar met Bangladesh deputy high commissioner in India Zokey Ahad on Wednesday and made the call.
The Hindu, in a report on Thursday, quoted the Indian association as saying that the ban needs to be withdrawn in the interest of commerce between two friendly neighbours.
Earlier, the Pakistan Jute Mills Association (PJMA) urged the Pakistani government to convince its Bangladeshi counterpart to consider lifting the ban on raw jute export.
According to The Hindu report, the IJMA said even prior to the official ban, a one-month ban imposed by an order in November led to a freezing of contracts between Bangladesh raw jute sellers and Indian jute mills and traders.
“Commitments about 50,000 tonnes of raw jute are involved in these settled contracts,” the report said.
The IJMA has reportedly made a representation before the Indian commerce minister and the textiles minister seeking their interventions.
The issue was also flagged at a meeting in New Delhi on the prevailing crisis in the jute industry which has triggered a 30 per cent rise in prices of the golden fibre and an artificial shortage created by hoarding, added the report.
Currently, over 20 per cent of the jute mills in India’s West Bengal state are closed due to this crisis rendering over 50,000 jute workers jobless, the report claimed.
Pakistani jute mills are also dependent on imported raw jute from Bangladesh, said The Express Tribune newspaper.
Prothom Alo
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