Skip to main content

Jute firms seek import duty shield

http://www.telegraphindia.com/1141012/jsp/business/story_18918146.jsp#.VDoEXGeSzTA

The jute industry is in favour of imposing a countervailing duty on the import of jute products from Bangladesh to create a level-playing field for Indian manufacturers.
Representatives of jute firms today met commerce minister Nirmala Sitharaman to apprise her of the problems faced by the sector.
According to industry association IJMA, domestic jute manufacturers were unable to compete with manufacturers from Bangladesh who enjoy a 10 per cent cash subsidy on exports of jute products.
Moreover, under Saarc rules, there is no customs duty on jute goods imported from Bangladesh.
“Exports in Bangladesh have almost doubled in the last five years because of their aggressive policies, while exports from India are suffering. We have informed the minister that an imposition of countervailing duty is required for the protection of Indian manufacturers,” said Raghavendra Gupta, chairman of IJMA.
Countervailing duty helps to offset the effect of concessions granted by an exporting country to its exporters.
“We have also said that the jute industry urgently required an external market assistance scheme to increase exports,” said Gupta.

Comments

Post a Comment

Popular posts from this blog

Future of Chemical Engineering in India (2025 & Beyond)

Chemical engineering in India is entering a transformative phase, driven by technological innovation , sustainability goals , policy shifts , and global industrial demand . Here's a detailed look at its future prospects: 🔍 1. Industry Outlook a. Expanding Industrial Base India's chemical industry is projected to reach USD 300 billion by 2025 (source: Invest India). Key sectors: petrochemicals , specialty chemicals , pharmaceuticals , fertilizers , and polymers . Growth fueled by Make in India , PLI schemes , and FDI inflows . b. Sustainability & Green Chemistry Shift toward green technologies , bio-based chemicals , and zero-waste processes . Demand for engineers who can develop eco-friendly production methods . c. Rise of Specialty Chemicals Used in agriculture , automotive , electronics , personal care , etc. India is becoming a global manufacturing hub as companies diversify away from China ("China+1" strategy). 🧪 2. Emerg...
Post a Comment
Read more

Top 10 Analytics Courses in India

http://analyticsindiamag.com/top-6-analytics-courses-in-india/ The demand for trained analytics professionals has witnessed a massive growth in recent years. The dearth of skilled manpower can be overcome with serious intervention at the education level and imparting training on specific Analytical and statistical tools. This goes to say that training in Analytics is of foremost importance to match the ever growing demand and dearth in supply. Yet, there is a severe dearth of good training programs in the field. In this article, Analytics India Magazine investigates nine courses on Analytics being offered by premier institutes of India. Certificate Programme in Business Analytics – ISB, Hyderabad ISB is offering a one year Certification in Business Analytics with an aim to create Next generation Data Management Scientists. The programme is designed on a schedule that minimizes disruption of work and personal pursuits. The program is a combination of classroom and Technology...
13 comments
Read more

Spirits of Estonia

  http://www.inyourpocket.com/estonia/tallinn/Spirits-of-Estonia_56060f 1 For some of our readers, vodka might just be some colorless liquid that tastes like rubbing alcohol but goes great mixed in a cocktail. In Estonia however, hard liquor is pretty serious stuff.  Spirits can be made from many raw materials including grapes, potato, and grain. These days in Estonia the vast majority of vodka is made using high quality rye grain. First the raw material is fermented using yeast, which creates a weak alcohol or mash. Next this product is distilled creating a much stronger alcohol. Finally the impurities are filtered off, and water is added to bring the percentage from about 96 to about 40.And that is how you make vodka! Of course there is much to be said about quality and it certainly varies from brand to brand. The world’s best vodkas are made from the finest grains, the purest waters, multiple distillation & special filtration techniques.    A little h...
Post a Comment
Read more