Case 4 Jute Industry in Bangladesh: Revival of the Golden Days of Golden Fiber
Answer - In the past time jute industry has a golden time . This time jute is very demanding product . If you have some analysis in present time jute product is demand able .
In my knowledge Jute industry create a SWOT analysis .
SWOT
Strange - jute industry main strange is jute are available in Bangladesh . jute price is not so high.
weakness - jute industry main weakness is demand is not so high in . Other same quality product is available as like plastic product .
Opportunity - There have lot of opportunity to jute industry . Now this time plastic is not allowed to environment so a huge of market to jute which is more demand in future .
Threat - Main threat is jute is not so modern deign create their product . option is very high to compare to other product .
jute story ...
Jute and jute goods put in a solid shift in the overseas market in
fiscal 2017-18, crossing the $1 billion mark in receipts after five
years, much to the cheer of the government as it endeavors to lower
dependency on garment.
Last fiscal year, the sector brought home $1.02 billion, up 6.56
percent year-on-year, according to data from the Export Promotion
Bureau.
Ute and Jute goods is the third sector to crossed the $1 billion-mark
in export receipts after apparel and leather and leather goods.
The sector's turn of fortune comes as the use of the natural fiber is
on the rise worldwide for a growing shift towards an Eco-friendly
lifestyle.
Besides, the demand for jute sacks is on the rise from African
countries like Sudan, Kenya, Ivory Coast, Kenya, Nigeria, Egypt,
Cameroon, Tanzania and Uganda, where they are used for food grain
packaging.
Karim, whose firm Bico Jute Fibers exports jute and jute goods worth
$20 million a year, lamented that exporters do not enjoy any financial
incentive from the government, although the local manufacturers are
enjoying 7.5 percent cash incentive from the government.