The Jute Corporation of India Limited on 12 July 2016 announced that K V R Murthy has taken over as its Chairman-cum-Managing Director. He took over the position from 2 July 2016.
Murthy’s appointment is for a period of five years or till the date of his superannuation, whichever is earlier.
Murthy was earlier associated with Eastern Railways in the capacity of Chief Commercial Manager.
About Jute Corp of India
• The Jute Corporation of India Ltd. (JCI) is an agency of the Government of India that assists jute cultivators in states where this crop is grown, providing minimum price support.
• JCI was established in 1971.
• It is based in Kolkata.
• An audit issued in February 2010 identified various deficiencies in the JCI operations that were severely handicapping its effectiveness.
• At first a small agency, it has steadily grown and now operates in the main jute-growing states of West Bengal, Bihar, Assam, Meghalaya, Tripura, Orissa, and Andhra Pradesh.
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