Dhaka:Textiles and Jute Minister Khandaker Abdul Muktadir announced that the government is focusing on increasing the value of local jute by converting it into high-value products to boost foreign exchange earnings, revenue, and market reach both domestically and internationally. According to Bangladesh Sangbad Sangstha, Muktadir made these remarks at the launch of a six-day 'Versatile Jute Products Fair' and the opening of a new sales outlet, JDPC Express, at the Jute Diversification Promotion Center (JDPC) in Tejgaon, Dhaka. The minister, who also holds the Commerce and Industry portfolio, explained that the government, in collaboration with JDPC and private entrepreneurs, is developing a plan to promote the jute industry's value addition. He emphasized the potential for increasing market value by transforming raw jute into products like sliver, packaging materials, and blended fibers. He highlighted that a tonne of raw jute worth approximately Tk 150,000 (US$1,200) last year could generate US$2,400-2,50 0 if processed into packaging products. The value could further increase to US$4,000-5,000 per tonne when converted into high-value products, such as blended fibers combined with cotton or other materials. The government's objective is to maximize the processing of domestically produced jute into value-added goods. Various agencies and entrepreneurs are collaborating to explore potential sectors and determine optimal jute utilization in different products. Muktadir also pointed out the potential of machine-made and handmade jute products, especially those from small-scale industries. The government intends to support these sectors through regular fairs, exhibitions, and initiatives to widen market access. The Versatile Jute Products Fair is scheduled to run from October 3 to 8 at the JDPC premises, operating daily from 10 am to 8 pm. Meanwhile, the new JDPC Express sales center will be open seven days a week, from 11 am to 8 pm.
