Home / Knowledge / News / Textiles / Govt to spend Tk 3.06 bn for reviving Adamji Jute Mills
Govt to spend Tk 3.06 bn for reviving Adamji Jute Mills
22
Jun '10
Adamji Jute Mills will soon be reopened by the government at a cost of Tk 3.06 billion and they will also install 500 looms.

As per Jute and Textile Minister, Abdul Latif Siddiqui, while in the first phase government will install 500 looms at Shed No 2 on land measuring 11 acres at the mills, 500 additional looms will be installed in the next phase, thereby, overall generating about 5,720 jobs.

After jute mills shut and resulted in to job loss for 27,000 people, the minister assured that, the current government was taking key steps to reopen five jute mills, including Adamji, so as to fulfill the rising demand for jute and jute products at both domestic and global markets.

Government's allocated funds for reopening the jute mills will be utilised for the aforesaid purposes, thereby, creating a number of jobs.

While thanking the Bangladesh Bank Governor, Dr Atiur Rahman, for aiding in reopening the mills, Latif also pointed that, the closed mills were running under debt of Tk 28 billion to banks. These will now be slowly lessened via reopening and re-starting operations of these mills in phases.

According to Jute Secretary, Ashraful Moqbul, the 500 looms about to be set up at Adamji Jute Mills will be state-of-the-art machinery and for this, the ministry has already contacted Indian and Chinese jute machinery producers.

Fibre2Fashion News Desk - India


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