India imposes land and sea port restrictions on jute from Bangladesh
Weeks after imposing land ports restrictions to apparel exports from Bangladesh, India has ordered Jute from Bangladesh will not be allowed to enter India through land ports on India-Bangladesh border. A notification to that effect was issued on Friday (June 27, 2025) by the Directorate General of Foreign Trade informing that the restrictions will apply 'across all land and seaports' with the exception of the Nhava Sheva seaport in Mumbai.
Official sources informed that the port restrictions on 'jute and allied fibre/products from Bangladesh' has been implemented with immediate effect. 'Jute from Bangladesh enjoys a duty free access to India. However, the Indian jute industry has, for long, suffered due to the adverse impact of dumped and subsidised imports of jute products – particularly yarn, fibre and bags – from Bangladesh,' said an official source explaining the reason behind the imposition of entry ban on jute from Bangladesh. India had imposed anti-dumping duties (ADD) on jute from Bangladesh but that did not reduce jute imports from Bangladesh due to continued subsidies by the Government of Bangladesh, said the sources.
Sources further said that India has been raising its concerns on jute before the authorities in Dhaka but Bangladesh only made 'nominal adjustments' and continues to incentivise exports particularly in cases of 'value-added jute products'. Jute is produced in West Bengal, Bihar, Assam, Odisha, Andhra Pradesh, Tripura, and Meghalaya and jute industry employs around four lakh workers in organised mills and diversified units. 'Artificially depressed prices caused by subsidized imports have had a direct and adverse impact on the income of jute farmers.'
Friday's order includes flax tow and waste (including yarn waste and garneted stock), jute and other textile bast fibers, single yarn of jute or of other textile bast fibers, woven fabrics or flax, unbleached woven fabrics of jute or of other textile bast fibers. The order will not affect Bangladesh's exports to Nepal and Bhutan but re-exports of the same from Nepal and Bhutan to India will not be allowed.
On May 17, India stopped entry of apparel from Bangladesh through its land ports. The same order also stopped entry of certain specified products from Bangladesh to northeast India through the land ports between Bangladesh and northeast Indian border.
'Bangladesh must not be allowed to persist with unfair trade practices that harm the livelihood of Indian farmers and mill workers in a sector that forms the economic backbone of dependent rural regions. The market access extended by India in good faith cannot be undermined to the detriment of India's economic interests,' said an official while explaining the decision on land ports restrictions on jute from Bangladesh. India feels that influx of cheap, subsidised imports from Bangladesh have depressed prices, hurt farmer incomes and led to underutilized capacity in Indian jute mills which led to unemployment.
The Hindu was told that India will ensure that Bangladesh will not be able to access India's jute market through third countries, circumventing the restrictions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
Digital now accounts for over 55 per cent of advertisement expenditure: I&B Secretary Jaju
HighlightsDigital media now accounts for over 55 percent of the national advertising expenditure in India, according to Information and Broadcasting Secretary Sanjay Jaju. India's digital advertising market is projected to exceed Rs 70,000 crore by 2026, driven by the increasing number of smartphone users and affordable data rates. Sanjay Jaju emphasized the importance of leveraging artificial intelligence and immersive technologies to enhance India's storytelling capabilities in the evolving media and entertainment landscape. Digital now dominates the media and entertainment sector accounting for over 55 per cent of the national advertising expenditure, Information and Broadcasting Secretary Sanjay Jaju said here on Friday. He said that over 55 crore smartphone users were a key factor in the shifting dynamics in consumption in the media and entertainment sector. "The digital segment is now definitely more than the non-digital segment," said Jaju addressing Storyboard18's Digital Entertainment Summit (DES) 2025. He said the industry must now enable the segment "to grow at a much brisker pace". While India has long been a creative powerhouse, Jaju stressed the digital medium has become central to its global aspirations. "Digital entertainment, being the core theme... has a huge share in the overall media and entertainment landscape," he said, noting the growing importance of streaming platforms , gaming companies, animation and post-production studios, and the creator economy. Jaju said the Indian media and entertainment industry has been undergoing rapid digitization, fueled by affordable data rates, deep smartphone penetration and growing internet access. According to various industry estimates, India's digital advertising market is poised to surpass Rs 70,000 crore by 2026. He said events such as the World Audio Visual and Entertainment Summit, organized by the Ministry of Information and Broadcasting, aim to position India as a global content and technology hub. Such events seek to unite stakeholders across tech, film, gaming, streaming and social media to co-create and export India's soft power to the world, he said. "Artificial intelligence (AI) and generative AI has been transforming every aspect of our life... from editing to dubbing to music production to animation. The media and entertainment landscape is also bound to get affected," Jaju said. He emphasized on the need to leverage immersive technologies to amplify India's storytelling capabilities. "We need to be also embracing large number of technological trends which are happening, these trends are going to shape the digital entertainment landscape as well," Jaju said. PTI
Time of India
39 minutes ago
- Time of India
ITC says consumer spending rises 4.6 pc to Rs 34,000 cr in FY25, launches 100 new FMCG products
Multi-conglomerate ITC said consumer spending on the company's FMCG products has increased 4.6 per cent to nearly Rs 34,000 crore in FY25, and the firm has expanded its play with 100 new products in the segment. According to the latest annual report of the company, ITC, which has presence in the branded packaged foods, cigarettes, personal care products, education & stationery products, agarbattis & matches, has a reach across over 26 crore households in India. Besides, "digitally enabled sales have grown rapidly in recent years and, together with modern trade, now account for 31 per cent of your company's FMCG portfolio", ITC said addressing shareholders. A year before, ITC had reported a growth of 12 per cent on consumer spending on the company's FMCG products to nearly Rs 32,500 crore in FY24, with over 25 crore households having access to its various brands. According to ITC, its FMCG business faced subdued demand conditions and a significant increase in competitive intensity from local/regional players. "Costs of several major inputs such as edible oil, wheat, maida, potato and cocoa witnessed sharp escalation, especially in the second half of the financial year, weighing on margins," it said, adding it exerted pressure on bottomline through focused cost management interventions, judicious pricing actions and premiumisation. ITC measures annual consumer spending as the sum total of what consumer spends on buying goods from the company. It is the net sales turnover of the brands, along with channel margins and taxes. Its FMCG portfolio consists of over 25 Indian brands, which are largely built through an organic growth strategy leveraging institutional synergies in a relatively short period of time. Some of them leads in their segments such as Aashirvaad in Branded Atta, Bingo! in the Bridges segment of Snack Foods, Sunfeast in the Cream Biscuits segment, and Classmate in Notebooks. ITC has logged a revenue of Rs 21,981.57 crore from FMCG businesses and is creating a future-ready portfolio including value-added adjacencies backed by smart omni-channel capability and excellence in supply chain to rapidly scale up businesses. "Over 100 new products anchored on the vectors of Health & Nutrition, Hygiene, Protection & Care, Convenience & On-the-Go, Indulgence etc., were launched across target markets during the year, leveraging the R&D platforms of your Company's Life Sciences and Technology Centre (LSTC) and agile product development teams across businesses," ITC told shareholders. Now, ITC's growth strategy is to foray into value-added adjacencies and categories of the future by leveraging its 25 powerful mother brands it has established over the years. In branded packaged foods, ITC said the industry witnessed severe headwinds during the year due to subdued consumer demand and unprecedented inflationary pressure. However, it has "sustained its position as one of India's largest and fastest growing branded packaged foods businesses, leveraging a robust portfolio of brands, a slew of first-to-market products, regionally curated offerings, supported by an efficient supply chain and distribution network." ITC through its strong farm linkages, procurement efficiencies, brands and deep & wide multi-channel distribution network, with growing presence in new gen channels such as e-commerce, modern trade, continues to deliver competitive advantage. In personal care space, ITC achieved "robust volume growth" led by rapid scale-up in new genaration channels as e-commerce, q-commerce and modern trade. Besides domestic market, ITC is expanding export footprint of its FMCG businesses, with a reach now spanning over 70 countries.
Time of India
40 minutes ago
- Time of India
IPO watch: Which Indian startups are next to hit the stock market?
Synopsis A significant number of companies hailing from a wide range of sectors––from fintech to consumer goods and logistics––are set to mark their entry into the Indian stock market soon.
