The Hindu Business Line : `Jute exports will gain under WTO regime'

THE jute industry is poised to gain under the WTO regime. With a growth over 30 per cent in the last few years, the industry is bound to register a high level of export performance, according to the Market Promotion Officer, Jute Manufacturers Development Council (JMDC), Ministry of Textiles,Mr T. Ayyappan.

In the city recently, he said, Bangladesh is the only competitor in the field. However, the Indian Jute sector is structurally better placed to meet the supply schedules at the international level. The diversification that it has achieved in terms of added life-style products in addition to traditional items has enhanced the value.

In the traditional areas, the exports of hydrocarbon-free bags and food grade quality bags have high prospects.

With the European countries opening up for this eco-friendly and biodegradable product, the exports are bound to surge.

Exports are likely to increase by 20-25 per cent in the next two years, he said.

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