Patsan Bhavan, 3rd & 4th Floor New Town, 700156, West Bengal
,
India
Area served
India
Key people
Cmde. Ajay Kumar Jolly (Retd.), Managing Director
Products
Jute
Owner
Ministry of Textiles, Government of India
Number of employees
374
Website
www.jutecorp.in
The Jute Corporation of India Limited (JCI) is central public sector undertaking under the ownership of Ministry of Textiles, Government of India. It is incorporated by the Government Of India in 1971 as a price support agency with a clear mandate for the procurement of raw jute / mesta without any quantitative limit from the growers at the minimum Support price (MSP) declared in each year by the Government Of India based on the recommendations made by Commission for Agricultural Cost & Prices (CACP). This protects the jute growers from exploitations in the hands of the middle men. The basic objective is not profit making but a social cause to protect the interest of about 4.00 million families engaged in farming of jute, most of whom are small / marginal farmers. Therefore, the presence of JCI in the market provide stability in the raw jute prices.
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