Floods have the potential to significantly reduce jute production by 20%.

• Floods in West Bengal and Assam affected cultivation, affecting production.
• Annual jute exports could reach ₹4,500 crore, up from ₹3,000 crore last year.
• The Board is preparing a draft for Jute Technology Mission 2.0 and supporting research projects.
• Lab testing has been completed for extracting ethanol from jute plants.
• Plans include setting up a pilot unit and making jute composite materials.