:

The developments in the jute industry:

1. In 2005 the National Jute policy was formulated to Increase productivity of jute and increase the quality of the produced Jute.

2. The government made the jute packaging mandatory for goods.

The developments in the cotton industry:

1. Liberalization and Foreign direct investments have given a stimulus to the industry.

2. Earlier only public enterprises would participate in the industry, but now private entrepreneurs have also plunged into it.

3. As steel products are needed in every other sector too, its demand has increased.