Home / Knowledge / News / Textiles / Biggest jute producing centre left holding stick
Biggest jute producing centre left holding stick
24
Mar '09
Khulna district in Bangladesh is famous for its jute manufacturing industry and is one of the biggest jute producing centre in the country. But years of government apathy, has wrecked havoc with this industry in the district and reduced it a diminutive size of the original.

The world's largest Jute Mill was the Adamjee Jute Mills at Narayanganj in Khalispure near Khulna city, which now stands closed since June 2002. The state owned Bangladesh Jute Mill Corporation (BJMC) also ran around 22 jute mills, of which many have closed down.

But now it is a different kind of crisis that the sector is facing in Khulna. Some call it economic meltdown; others prefer to call it recessionary trends. But the jute mills in Khulna have been left holding the stick, with another phase of closures, rendering more unemployment in the sector.

According to experts more than 500,000 bales are lying unsold in the warehouses due to the slowdown. Prices of raw jute as well as finished products have tumbled in the last few months; which has inflicted huge losses on the sector, which was already a spent force in Khulna.

Experts also say that, when neighbouring countries like Nepal and India are doing well, despite the fact that they are importing raw jute form India, the jute mills in Khulna and Bangladesh as a whole are facing troubled times, which is leading to more and more closures.

Production of raw jute in the first seven months of the current fiscal (July '08-January '09) plummeted to only 883,000 bales, worth Tk4.70 billion compared to 1.7 million bales amounting to Tk5.73 billion in the same period of the previous fiscal, which is a huge drop.


Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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