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Question
Why has the ‘National Manufacturing Competitiveness Council’ been set up?
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Solution
The ‘National Manufacturing Competitiveness Council’ has been set up by the government of India to provide a forum for policy dialogue to improve, energise and sustain the growth of manufacturing industries in India.
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Read the given case and answer the questions that follow:
| Challenges faced by the Jute industry include stiff competition in the international market from synthetic substitutes and from other competitors like Bangladesh, Brazil, Philippines, Egypt and Thailand. However, the internal demand has been on the increase due to the Government policy of mandatory use of jute packaging. To stimulate demand, the products need to be diversified. In 2005, National Jute Policy was formulated with the objective of increasing productivity, improving quality, ensuring good prices to the jute farmers and enhancing the yield per hectare. The main markets are US.A., Canada, Russia, United Arab Republic, U.K. and Australia. The growing global concern for environment friendly, biodegradable materials, has once again opened the opportunity for jute products. |
- Mention any two challenges faced by jute industry in India.
- What was the main objective of National Jute Policy formulated in 2005?
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Why does the textile industry occupy Unique position in the Indian economy. Explain.
