Home / Knowledge / News / Textiles / Govt decides to sell country's oldest jute mill
Govt decides to sell country's oldest jute mill
16
Sep '09
The Government of Nepal has taken a decision to sell the state-owned Biratnagar Jute Mill (BJM), the oldest jute mill in the country, to a private party by retrenching its entire workforce.

About 1,100 workers will get affected due to the sell-off of this mill, which has remained closed due to the intensifying disputes between the management and workers of the mill for more than one year.

In order to clear the unpaid dues of the mill workers, accord has been drawn under the tripartite agreement between employees, management and government officials. To settle these unpaid dues the government will have to bear a liability of about Rs. 600 million.

As per this tripartite agreement, the dues will be cleared before the Dashain festival. A series of protests have been staged in the past by the mill workers demanding restart of the mill or clearance of their unpaid dues.

However, they suspended their protest after formation of a committee, to deal with the related issues, by the Finance Minister during his visit to the trading city in eastern Nepal.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin
Chapurin

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

Sanjukta Dutta
Sanjukta's Studio

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

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
April 2017

April 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