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It was named the “golden fibre” because of its abilities to draw in foreign currency. The central and the local government used to collect hundreds of millions of taka from the export tariff of jute. But almost 80% of the jute trade was in the hands of the Marwaris or the Europeans. In most cases the cultivators had to sell off their product at a price lower than the production cost. Before partition the bulk of the jute trade – that is, trading of raw and ripe jute bales – was concentrated in Kolkata. In those days most the bale brokers were Marwaris or Europeans. Narayanganj became the centre of jute trade after the partition in 1947...
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Common topics in this essay:
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