Name the largest exporter of jutea)Indiab)Bangladeshc)Malaysiad)Myanma...
Bangladesh is 2nd largest producer after India and largest exporter of jute in the world.
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Name the largest exporter of jutea)Indiab)Bangladeshc)Malaysiad)Myanma...
The largest exporter of jute is Bangladesh. Below are the reasons why:
Abundant Jute Production: Bangladesh is one of the largest producers of jute in the world. The country produces around 1.5 million tons of jute annually, making it the second-largest producer after India.
Government Support: The government of Bangladesh has been providing various incentives and support to the jute industry, which has helped in the growth and development of the industry. The government has also taken measures to modernize the jute industry by introducing new technologies and equipment.
Large Number of Jute Mills: Bangladesh has a large number of jute mills, which has helped in the growth of the jute industry. There are around 80 jute mills in the country, providing employment to around 400,000 people.
Strong Export Market: Bangladesh has a strong export market for jute and jute products. The country exports jute and jute products to various countries, including the United States, United Kingdom, Germany, France, and Japan.
Low Labor Cost: The labor cost in Bangladesh is relatively low compared to other countries, which has helped in the growth of the jute industry. This has made the country more competitive in the global market.
In conclusion, Bangladesh is the largest exporter of jute due to its abundant production, government support, large number of jute mills, strong export market, and low labor cost.