Mr Kalyan Kumar Mazumdar
General Manager (O/M)
The Jute Corporation of India Limited
India
W : www.jutecorp.in
Industry / Sector
Agriculture & Allied Services, Trade
Personal Profile
B.Tech (Fibre Technology), MBA (Business Administration). As General Manager (O/M) handling raw jute procurement operation and sales to end consumers, handling smooth execution of different projects of Govt of India for jute farmers and also taking part in strategic decision taking period. Taking part in Board Meeting and follow up compliances of different decisions taken in Board Meeting, Audit and CSR Committee meetings. Besides, taking lead to establish Jute Diversified Product Business as alternate business channel to earn revenue for the Corporation.
Company Profile
Jute Corporation of India (JCI) Ltd
The Jute Corporation of India Limited (JCI) is a Central Public Sector Enterprise incorporated under the Companies Act in 1971 under the Ministry of Textiles (MoT). JCI is responsible for implementing the MSP policy for jute cultivators. JCI’s price support operations involve procuring raw jute from small and marginal farmers at MSP without any quantitative limit as and when the prevailing market price of jute falls below the MSP. These operations help create a notional buffer in the market by removing excess supply, in order to arrest inter-seasonal and intra-seasonal fluctuations in raw jute prices. JCI’s Departmental Purchase Centres (DPCs), which are situated in jute growing areas, purchase raw jute directly from the farmers. JCI has around 110 DPCs of which 69 are in West Bengal, 19 in Assam, 12 in Bihar and the rest in the three other jute growing states of Andhra Pradesh, Orissa and Tripura. During the year 2021-22, a very nominal quantity of raw jute could be procured by JCI under MSP operation since the market prices remained very high and the farmers were benefited with a higher than MSP prices in the open market itself.
JCI plays a major role in jute ICARE scheme wherein the Corporation is responsible for field implementation of this important scheme under the purview of the National Jute Board.
JCI has begun to distribute Certified High Yield jute seeds for farmers on a commercial scale and the Corporation is also making forays in the marketing and distribution of Jute Diversified Products (JDPs)
The authorized and paid-up capital of the Corporation is Rs.5 Crore and the net worth is Rs.155.64 Crore as on 31.03.2021. The entire authorized capital has been subscribed by the Government of India.