Home / Knowledge / News / Textiles / 'Crisis in jute sector is passing phase' – BJMC
'Crisis in jute sector is passing phase' – BJMC
Feb '09
The jute industry in Bangladesh has been going through a period of acute crisis, since the last few years, some due to government apathy and the rest man-made. The jute sector which was once the bulwark of the economy is just a midget of its original self.

According to sources, seven state owned jute mills in the Khulna-Jessore belt are on the verge of closing down, due to acute financial problems. Production in a few other state owned jute mills has been suspended due to paucity of raw materials.

A few of the jute mills have also accrued wages payable to workers, since a few months, which adds to the already existing other problems faced by the industry. Experts opine that if fresh funds are not infused in to these units, they may face a sad demise.

Fibre2fashion spoke to official sources in the Bangladesh Jute Mills Corporation (BJMC), who said that, yes; there is a shortage of funds and raw jute which is a matter of concern for the jute sector. They have already approached the Govt to give financial support to different jute mills.

He added by saying that, every year, government provides financial assistance to jute sector and this year too, it is likely to fund the sector. This period is a passing phase and will improve with time.

The official sources however, explained that, so far no mills are facing closure due to fund crisis, though off course they are not running at 100 percent capacity, but situation will return to normal conditions very soon.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search