Govt to allocate funds for buying raw jute

13 Sep '08

2 min read

In order to meet the shortage of jute supply at the state-owned jute mills in Khulna - Jessore industrial belt, Government has agreed to provide monitory aid to them, for buying raw jute for production purposes. This important decision was taken in a recently held meeting, chaired by Ataharul Islam, Chairman, Bangladesh Jute Mills Corporation (BJMC) at its head office in Dhaka.

Sources informed Fibre2fashion that Government has allocated nearly Tk1250 million for state-owned jute mills to purchase raw jute. The money will reach the mills by next week through BJMC, which at present is taking care of around 16 mills.

The amount will be given depending upon the production capacity of these units. There are 7 mills in Khulna, 4 in Dhaka, 1 in Rajshai, 4 in Chittagong. Among all, the units based in different zones Khulna is expected to get larger share, so that it can over come problems related to lack of electricity and labour.

The authorities present at the meeting also discussed issues related to shortage of electricity and labour unrest that are hampering the production in these units. Regarding the allocation of funds to the workers, it was said that some amount was already paid to them in the month of May last fiscal, and the rest will be given to them before Eid.

Fibre2fashion News Desk - India

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