The Indian Jute Mills Association (IJMA) has indicated that this revised pricing structure will lead to a modest increase in the cost of gunny sacks, estimated at around 4-5%. IJMA chair ...
India’s Ministry of Textiles has sanctioned a pricing framework that guarantees domestic jute mills an 8.19% return on capital (ROC) for providing jute bags designated for food grain packaging ...
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Although the government has decided to revise the pricing formula, details are still awaited, according to the Indian Jute Mills Association (IJMA). Jute mills have complained of a "nearly 30 per cent ...