SME Times News Bureau | 07 Nov, 2011
During the
current financial year, export of jute products is likely to touch Rs 1500
crores, said a top official of the National Jute Board.
Speaking to a
news agency after opening a exhibition cum sale of jute products in Vishakhapatnam
recently as part of the sales
promotion, Market Officer B Narasimhulu said jute goods worth Rs 1400 crores
were exported to various countries last financial year and this time it may
touch Rs 1500 crores.
He said the National Jute Board, under the Textiles Ministry had been
encouraging small entreprenuers in making jute products and providing 20
percent capital expenditure subsidy for jute mills in the country.
Narasimhulu said
the Jute Board was conducting training programmes to small groups and
Non-Governmental organisations in making various types of jute products.
The official
said it was also organising exhibitions at various places to encourage artisans
to establish their stalls free of cost to exhibit their products as part of
sales promotion.
He said the
week-long exhibition from today is expected to fetch a sales worth Rs 12 lakhs
as against Rs 10 lakhs last year.