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PM: Make jute sector profitable

  • Published at 02:48 pm March 6th, 2019
Prime Minister Sheikh Hasina addresses the inaugural function of National Jute Day 2019, and the Diversified Jute Products Fair at the Bangabandhu International Conference Center in Dhaka on Wednesday, March 6, 2019 Focus Bangla

She said her government wanted to bring back the golden days of ‘Golden Fibre’, adding that in the post-independence period, 90% of the country’s foreign revenue came from this sector

Prime Minister Sheikh Hasina has called upon all concerned to take effective steps to make the jute sector profitable to sustain the industry.

She remarked this while announcing incentives for the private sector to boost the production and export of jute—and jute goods—at the inaugural function of National Jute Day 2019 and the Diversified Jute Products Fair held at Bangabandhu International Conference Centre (BICC) on Wednesday.

Hasina said: “Jute is such a product, that none of it is wasted. So, why would it incur losses?” 

“I believe that we will be able to make the sector profitable by innovating new products,” she added.

Regarding incentives for the jute sector, she said: “As incentives are available for other export-oriented industries, the jute industry will also receive such incentives.” 

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Sheikh Hasina said that demand should dictate the quantity of production and this will ensure that neither farmers nor manufacturers face any losses.

“We have previously noticed that farmers faced losses as a result of over production. On the other hand, we also witnessed that, low production hampered the manufacturing of jute products,” she said.

Placing emphasis on globally branding the “Golden Fibre”, Sheikh Hasina said there is now a growing demand for eco-friendly products, as a result of heightened awareness about the environment.

“By extending the cultivation of jute and usage of jute products, we can play an important role in this movement,” she said.

The premier said recently, the method to produce jute polymer from jute has been discovered.

“This is being used to create an alternative to plastic bags known as “Golden Bags” and I urge all concerned to help expedite the wider usage of Golden Bags,” she said.

She also said her government wanted to bring back the golden days of ‘Golden Fibre’, adding that in the post-independence period, 90% of the country’s foreign revenue came from this sector.

However, the sector faced a crisis period partly due to the advent of artificial fibres, she said.

To increase production and internal usage, and to ensure fair prices and preserving the environment, the premier said her government has formulated the “Mandatory Jute Packaging Act, 2010” and the “Mandatory Jute Packaging Rules, 2013”.

“Our government has also made the use of jute in packaging for 19 items mandatory, including paddy, rice, wheat, maize, fertilizer, sugar, spices etc,” she said.

“To diversify jute products, the government has established the Jute Diversification Promotion Centre (JDPC),” she added.

The prime minister also said apart from the traditional products such as thread, sacks, bags and carpets, jute is now being used for the production of fabrics, cushion covers, carpets, sarees etc.

Sheikh Hasina said winter clothes are also being produced by mixing jute with wool. 

Jute crust is being used to produce high quality carbon while jute stalks can also be used for producing toiletries, medicines, paints etc, she said.

The premier said the National Jute Day is being celebrated for the third time aimed at promoting and flourishing the jute sector in an integrated manner.

She then congratulated all who were dedicated to the jute industry.

At the function, the prime minister handed over awards to 14 individuals and organizations for their contributions to developing the jute sector.

Later, she inaugurated the Diversified Jute Products Fair on the BICC premises and visited different stalls of the fair.