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Question : 12
Total: 13
Read the given case and answer the questions that follow:
Challenges faced by the Jute industry include stiff competition in the international market from synthetic substitutes and from other competitors like Bangladesh, Brazil, Philippines, Egypt and Thailand. However, the internal demand has been on the increase due to the Government policy of mandatory use of jute packaging. To stimulate demand, the products need to be diversified. In 2005, National Jute Policy was formulated with the objective of increasing productivity, improving quality, ensuring good prices to the jute farmers and enhancing the yield per hectare. The main markets are U.S.A., Canada, Russia, United Arab Republic, U.K. and Australia. The growing global concern for environment friendly, biodegradable materials, has once again opened the opportunity for jute products.
(12.1) Mention any two challenges faced by 'jute industry' in India.
(12.2) What was the main objective of National Jute Policy formulated in 2005 ?
(12.3) How has jute industry once again opened the new opportunities for its products?
Challenges faced by the Jute industry include stiff competition in the international market from synthetic substitutes and from other competitors like Bangladesh, Brazil, Philippines, Egypt and Thailand. However, the internal demand has been on the increase due to the Government policy of mandatory use of jute packaging. To stimulate demand, the products need to be diversified. In 2005, National Jute Policy was formulated with the objective of increasing productivity, improving quality, ensuring good prices to the jute farmers and enhancing the yield per hectare. The main markets are U.S.A., Canada, Russia, United Arab Republic, U.K. and Australia. The growing global concern for environment friendly, biodegradable materials, has once again opened the opportunity for jute products.
(12.1) Mention any two challenges faced by 'jute industry' in India.
(12.2) What was the main objective of National Jute Policy formulated in 2005 ?
(12.3) How has jute industry once again opened the new opportunities for its products?
Solution:
(12.1) The two challenges of jute industry are:
(a) Stiff competition in the international market from synthetic substitutes.
(b) Indian jute industry also faces competition from other jute supplier countries like Bangladesh, Brazil, Philippines, Egypt and Thailand.
(12.2) The main objective of National Jute Policy (2005) was to increase productivity, improve quality and to ensure good price to the jute farmers.
(12.3) Keeping in mind the harmful impacts of artificial fibre and the biodegradability of jute to control the environment pollution, the demand for jute industry has revived once again. This opened new opportunities for the jute products.
(a) Stiff competition in the international market from synthetic substitutes.
(b) Indian jute industry also faces competition from other jute supplier countries like Bangladesh, Brazil, Philippines, Egypt and Thailand.
(12.2) The main objective of National Jute Policy (2005) was to increase productivity, improve quality and to ensure good price to the jute farmers.
(12.3) Keeping in mind the harmful impacts of artificial fibre and the biodegradability of jute to control the environment pollution, the demand for jute industry has revived once again. This opened new opportunities for the jute products.
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