India’s jute industry sales volumes expected to rise 15%
The Economic Times, citing Crisil Ratings, reports an expected turnaround for the sector, with lower raw jute prices projected to improve profitability and margins.
TLDR
India’s jute industry could see sales volumes rise 15%, The Economic Times reports, citing Crisil Ratings. The report also forecasts a 20% increase in domestic demand and says lower raw jute prices are expected to improve profitability and margins. It points to export opportunities and value-added products as further growth prospects.
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