Two traditional eastern region industries — jute and tea — are facing problems over the demonetisation move of the Centre, which they say is impacting wage disbursals. They have appealed to the RBI and the state governments, seeking their intervention in the matter. The two sectors taken together…
Tag: INDIAN JUTE MILLS ASSOCIATION
Bangla ban on raw jute export hits Bengal jute mills hard
The over Rs 8,000 crore jute industry, which has been passing through a demand crisis and subsequent closures at the mills level, is also being hit hard by imposition of ban on export of raw jute by the Bangladesh government, said top Indian Jute Mills Association (IJMA) officials. The ban has l…