JUTE GOODS : JUTE GOODS Submitted by: Sumon Roy ID: 4050 Department of International Business Faculty of Business Studies University

of Dhaka Course Title: EIB (510) International Business Submitted to : Submitted to Professor (Dr.) Khondoker Bazlul Hoque Course Instructor, EMBA Program Department of International Business Faculty of Business Studies University of Dhaka Date of submission: 28 April 2010 History of Jute : History of Jute Integral part of culture of bengal for centuries 19th & 20th century raw jute was carried off to UK Industry boomed after invention of machine in 1901 Appearance of synthetic fibre in 1970 Trade declined largely in following years Between 2004-2009 market recovered &price increased more than 200% Jute goods : Jute goods Sacking Cloth Sacking Bag Twill Bags Double Warp Bags Hessian Cloth Hessian Bag Wall Covering Cloth Tarpaulin and Canvas Cloth Jute felt Jute Soil Erosion Control Fabric Rot Proof Fabric and Bag Scrim Cloth Jute Diversified Products Usage of jute goods : Usage of jute goods Bags and sacks for packing almost all kinds of agricultural produces, minerals, cement etc Packs for packing wool and cotton Wrapping materials / fabrics Carrier and backing fabric for carpet and linoleum Cordage and twines Webbing to cover inner springs in auto-seats and upholster furniture Cargo separator in ship Cloth for mine ventilation and partition Filling material in cable Roofing and floor covering apparel Footwear lining Wall covering and furnishing fabric Soil erosion control fabric and many more

Top Ten Jute Producers of the World : Top Ten Jute Producers of the World Rising demand of jute : Rising demand of jute Contribution to our economy : Contribution to our economy Around 100 million farmers involved in cultivating jute. 1.6 million people employed directly in different mills. Earn TK. 20.125 by exporting jute goods. Earn TK. 9.7 billion by exporting raw jute. COMPARATIVE EXPORT VOLUME(in tonnes) : COMPARATIVE EXPORT VOLUME(in tonnes) Bangladesh India Limiting Factors : Limiting Factors Lack of integrity among the political leaders. Frequent changes in the government policies. Lack of Government initiative to attract the private entrepreneurs. No initiative from the part of government to modernized the existing mills. Lack of well organized research institute. High bank interest rate for industrial credit. Cheap and available artificial fiber as substitute. Lack of governmental initiative to extend the market No special attempt to expand the market. Inefficiency in negotiation with the foreign buyers Absence of expert policy makers. Recommendations : Recommendations Constitution of a high-powered committee comprising the Finance Secretary Conversion of Jute Mills Corporation into public limited companies Arrangement of a 'special fund' to upgrade existing jute mills Procurement of "stand-by generators“ Increasing of cash incentives about 15 percent from present rate. Compulsory use of jute bags for internal

consumption in packaging Introduction of "Diploma Course" on jute in the six textile institutes & “Jute college” .

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