Home / Knowledge / News / Textiles / BJMC to receive government largesse
BJMC to receive government largesse
03
Apr '09
The jute industry and the state owned Bangladesh Jute Mills Corporation (BJMC) in particular, is in for a bounty with the government deciding to infuse Taka 2.09 billion in to BJMC to purchase jute and clear its outstanding bills.

This was announced by the Textiles and Jute Minister Mr Siddiqui. He said, additionally the government would provide Taka 5.11 billion in the next fiscal (2009-10) to BJMC to feed raw jute to its mills in Bangladesh.

The government also intends to freeze all bank credit availed by the BJMC mills and earmark all losses of the state entity as business loans considering its status as an export manufacturing company.

He also said that the government after successful completion of the first phase of 'Small Scale Entrepreneurship Development in Diversified Jute Products' in October 2008, they had also undertaken the second phase for the next five years of the project.

He added by saying that under the Jute Diversification Promotion Centre (JDPC), nine medium and small-scale jute industries have so far been set up along with 300 cottage industries across the country.



Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Vasanth Kumar
Max Fashion India

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
May 2017

May 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