Home / Knowledge / News / Textiles / Jute minister seeks funding to restart defunct mills
Jute minister seeks funding to restart defunct mills
09
Sep '09
Mr Siddiqui, Textiles & Jute Minister
Mr Siddiqui, Textiles & Jute Minister
The Minister of Jute and Textiles, Mr Siddiqui has informed that his ministry has sought special funding from the finance ministry to reopen three state owned jute mills in the current fiscal year.

The government had earlier announced that it was planning to reopen 13 closed jute mills. The names of the three mills to be reopened in this fiscal are People's, Quami and Dowlatpur jute mills, for which the ministry is seeking Tk 1.36 billion.

The funds will be utilised to pay off past debts and for purchasing raw jute to run the mills. The three mills identified to be reopened in the current fiscal, are in a position to be restarted immediately.

A few days back the government had sanctioned Tk 2 billion to the 17 jute mills being run under the aegis of the state run Bangladesh Jute Mills Corporation (BJMC), to help them purchase raw materials to run the mills.

Fibre2fashion - News Desk, India


Must ReadView All

Courtesy: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

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

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search