Banglar Bir
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China’s jute tech offer to Bangladesh alarms India
Online Desk | Update: 20:58, Dec 14, 2016
http://en.prothom-alo.com/bangladesh/news/132703/China’s-jute-tech-offer-to-Bangladesh-alarms-India
Beijing has made an offer of technology and finance to Dhaka for building a plant to make viscose fibre from jute, India’s Business Standard reports.
Aimed at strengthening economic ties with South Asian countries, the Chinese move caused concern for India’s jute sector, according to the magazine.
’Bangladeshs pursuit of making viscose fibre is described as a major breakthrough in the textile sector.
Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties, the Business Standard explained in the report titled “Indian jute sector jittery as China offers Bangladesh help”.
“If the plant materialises, then Bangladesh will not have to spend anything between 700 and 800 crore taka annually for import of viscose material,” a jute industry official in Kolkata was quoted to have said.
Last year, the country imported 33,737 tonnes of viscose fibre - a good portion of which originated in India.
Both Grasim Industries and its Thailand arm Thai Rayon are regular exporters of viscose staple fibre to Bangladesh, where it is spun into yarn in local spinning mills, said the report.
It pointed out that the 150-year-old Indian industry is jittery about Bangladeshi factories revving up productivity with Chinese assistance.
The report mentioned that Bangladeshi mills have seen a flurry of activity in recent months, including a visit by an expert team from Bangladesh to some viscose plants in China for an exposure to “carbon/charcoal-based viscose manufacturing process”.
A minutes of document was recently signed by the Bangladesh Jute Mills Corporation (BJMC) and China’s Textile Industrial Corporation for foreign economic and technical corporation to take the jute viscose project forward, the report said.
Bangladesh is not only the world’s second largest producer of raw jute after India, but unlike the latter, it is left with considerable amount of surplus fibre after providing for conversion into jute goods by local integrated jute factories and spinning mills.
Business Standard said the Chinese rescue act for the ailing jute sector, which provides livelihood to nearly 25 million people in jute-related activities from growing of fibre to its processing in factories to handling and trading will earn Beijing much goodwill to India’s discomfort.
If with China’s help, mills in Bangladesh are able to improve product quality and reduce mill conversion cost, then that would further impinge on India’s capacity to export jute goods, the report added.
Online Desk | Update: 20:58, Dec 14, 2016
http://en.prothom-alo.com/bangladesh/news/132703/China’s-jute-tech-offer-to-Bangladesh-alarms-India
Beijing has made an offer of technology and finance to Dhaka for building a plant to make viscose fibre from jute, India’s Business Standard reports.
Aimed at strengthening economic ties with South Asian countries, the Chinese move caused concern for India’s jute sector, according to the magazine.
’Bangladeshs pursuit of making viscose fibre is described as a major breakthrough in the textile sector.
Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties, the Business Standard explained in the report titled “Indian jute sector jittery as China offers Bangladesh help”.
“If the plant materialises, then Bangladesh will not have to spend anything between 700 and 800 crore taka annually for import of viscose material,” a jute industry official in Kolkata was quoted to have said.
Last year, the country imported 33,737 tonnes of viscose fibre - a good portion of which originated in India.
Both Grasim Industries and its Thailand arm Thai Rayon are regular exporters of viscose staple fibre to Bangladesh, where it is spun into yarn in local spinning mills, said the report.
It pointed out that the 150-year-old Indian industry is jittery about Bangladeshi factories revving up productivity with Chinese assistance.
The report mentioned that Bangladeshi mills have seen a flurry of activity in recent months, including a visit by an expert team from Bangladesh to some viscose plants in China for an exposure to “carbon/charcoal-based viscose manufacturing process”.
A minutes of document was recently signed by the Bangladesh Jute Mills Corporation (BJMC) and China’s Textile Industrial Corporation for foreign economic and technical corporation to take the jute viscose project forward, the report said.
Bangladesh is not only the world’s second largest producer of raw jute after India, but unlike the latter, it is left with considerable amount of surplus fibre after providing for conversion into jute goods by local integrated jute factories and spinning mills.
Business Standard said the Chinese rescue act for the ailing jute sector, which provides livelihood to nearly 25 million people in jute-related activities from growing of fibre to its processing in factories to handling and trading will earn Beijing much goodwill to India’s discomfort.
If with China’s help, mills in Bangladesh are able to improve product quality and reduce mill conversion cost, then that would further impinge on India’s capacity to export jute goods, the report added.
