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


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search