Jute contributes 4.68pc in export earnings

http://www.theindependentbd.com/business/finance/31499-jute-contributes-468pc-in-export-earnings.html

Jute contributes 4.68pc in export earnings
STAFF REPORTER

DHAKA JAN 27: Jute will regain its earlier glory as it is becoming popular globally, the speakers said today at the opening session of International Jute fair.   “Jute sector is contributing 4.68 per cent in export earning last fiscal year and two per cent increase during last two years,” said secretary of Textiles and Jute ministry Ashraful Moqbul, adding  “Though its contribution is not notable at present like the 1960’s but there is no scope to deny its contribution in national economy.”

He was speaking as the chief guest at the opening session of the fair jointly organised by International Jute Study Group (IJSG) and National Jute Board (NJB) of India with collaboration European Union (EU) at Bangabandhu International Conference Centre (BICC).

Among others, executive director of Jute Diversification Promotion Centre (JDPC) Khandaker Mokhlesur Rahman, secretary of NJB Atri Bhattacharya, first secretary of EU Andrew Barnard and secretary of IJSG Bhupendra Sigh addressed the session.

Jute will be one of the most important cash crop in coming days due to the automobile sector around the world are using jute products, Ashraful said.

He further said, jute is versatile fibre and environment friendly so its use increasing entirely which is good signs for the jute sector of the Bangladesh and India . Both India and Bangladesh will be benefited if joint initiate to promote the diversification of jute, secretary of Textiles and Jute added.

First secretary of EU Andrew Barnard said at least 40 million farmers of   Bangladesh would be benefited directly from this sector and it had a huge prosperity.
Bangladesh is producing quality jute products that can secure market in Europe countries, he said.

He also said that Bangladesh earned US $ 140 million from raw jute export and $ 47 million from jute products.

The fair will open form 9 am to 9 pm started from today (January 27) and continue till January 29.

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