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The Financial Express

Export earnings from jute increase by 14pc in 10 months

Jute sector takes second position in country’s export trade


Published: May 31, 2020 19:07:34 | Updated: June 02, 2020 12:12:45


Export earnings from jute increase by 14pc in 10 months

Export earnings from jute and jute products have increased by 14 per cent in the first ten months (July-April) of the current fiscal year 2019-20, compared to corresponding period of the previous fiscal.

According to statistics placed at a meeting held at the Ministry of Textiles and Jute on Sunday, Bangladesh earned US$ 791.3 million from the export of jute and jute products in July-April period of the current fiscal, which is 14 per cent higher than the earnings during the corresponding period of the previous fiscal year.

The export earnings from jute and jute goods is also 17 per cent higher than the target set by the government for the first ten months of outgoing fiscal year, report UNB and BSS.

Textile and Jute Minister Golam Dastigir Gazi said country’s jute sector has occupied the second top position for the first time in the export trade by beating the leather sector with a total earning of US$ 791.3 million in ten months of current fiscal.

This statistics was placed at the meeting of the ministry and its affiliated agencies on Sunday, the first working day after the over two-month of general holidays announced by the government to contain the COVID-19 pandemic in the country.

Speaking at the meeting, the textiles and jute minister also said the government will extend all sorts of support for boosting the production of jute and jute goods, aiming at building a pollution-free Bangladesh.

“The Textiles and Jute Ministry will work sincerely for the proper use of the stimulus fund announced by the government in expanding the jute industry and motivating the jute growers,” he said.

The Minister said the Jute Department is now implementing a project titled ‘Advanced Technology-based Jute and Jute Seed Production and Extension project’ in 230 upazilas of 46 districts in a bid to increase the production of high quality jute and obtain self-sufficiency in the production of jute seeds in the country.

With the execution of the project from July, 2018 to March, 2023, all sorts of assistance, including distribution of 390 metric tonnes of free jute seeds among farmers and imparting training on techniques of cultivating high-yielding varieties, now continue to boost the production of jute and jute products, he said.

Textiles and Jute Secretary Lokman Hossain Miah and additional secretary Md Abul Kalam Azad were present, said a PID handout.

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