Nepali jute entrepreneurs say India’s anti-dumping duty has pushed the country’s jute industry into a serious crisis, wiping out about 95 percent of its market. Industry representatives speaking in Biratnagar have urged the government to act immediately to protect the sector and address the problem.
They warned that most of the jute industries still operating could shut down if the issue is not resolved in time. Reports on the industry’s losses have cited the South Asian Watch on Trade among other factors.
Entrepreneurs call for urgent government action
Jute industry representatives have demanded prompt government intervention, saying the scale of the market loss threatens the future of the domestic industry. They say timely action is needed to protect the remaining businesses and prevent further closures.
Most remaining industries at risk
Entrepreneurs warn that continued pressure could leave most of the country’s remaining jute industries unable to operate. They have called on the government to address the impact of India’s anti-dumping duty before the crisis deepens.
