Home / Knowledge / News / Textiles / B'desh govt earmarks Tk 1000n cr for jute sector
B'desh govt earmarks Tk 1000n cr for jute sector
12
Apr '16
Bangladeshi Prime Minister Sheikh Hasina has authorised an allocation of Tk 1,000 crore to the textiles and jute ministry, part of which will be used for paying arrear in salaries and wages of jute mill workers before Pohela Boishakh, the Bangla New Year that falls on April 14.

The money would also be used for modernisation of the state-owned jute mills to make them profitable.

State Minister for Textiles and Jute Mirza Azam told reporters at a press conference that at the weekly cabinet meeting, the Prime Minister directed Finance Minister AMA Muhith and Senior Secretary Mahbub Ahmed of the ministry to disburse the money immediately.

Out of the Tk 1000 crore, Tk 600 crore will be spent on paying arrear in salaries and wages of the jute mills employees and the rest on modernising old jute mills owned by Bangladesh Jute Mills Corporation (BJMC), he said.

The allocation came against the backdrop of the ongoing agitation by jute mill workers in Khulna.

The state minister said Tk 40 crore would be given to workers immediately so that they can celebrate Pohela Baishakh. The remaining money would be handed over to the workers after a week.

He hoped the workers would call off their agitation following the allocation of the fund. Azam also said the ministry would take back 14 jute mills from private owners which were sold out to them. The BJMC now owns 27 jute mills. (SH)

Fibre2Fashion News Desk – India


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