Ministry of Jute and Textiles
Proposed Jute Policy – 2014
In the proposed policy, the government has taken multiple steps to encourage the production and the manufacturing of jute and jute related products. The overall policy seems to be more exporters-friendly at various points. In light of current economic condition and major opportunities or underlying challenges, number of shifts has been proposed in the new policy.
Emphasis has been given on meeting the needs of the farmers and other field-level workers. Currently, the way value chain works is not financially much viable for the farmers or field-level producers. Such propositions in the policy are the outcome of in-depth research in the supply side of the industry.
The export process has been rethought in relation to major hurdles exporters are facing now. Unnecessary formalities have been proposed to cut down to a minimum level in order to streamline the overall process. Evasions of duties have been formalized considering the future opportunities of jute and jute related products in global market.
Licensing and other regulatory processes have been structured to a large extent by reforming the previous rules and relevant policies.
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