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Govt to revive 5 jute mills
06
Jul '10
The Bangladesh Government is taking steps to reopen five closed jute mills of the state-owned Bangladesh Jute Mills Corporation (BJMC), for which a provision of Taka 1.73 billion has been made by the government.

These five mills are Qoumi Jute Mills in Sirajganj, Daulatpur Jute Mills and Peoples' Jute Mills, both in Khulna. Apart from this, MM Jute Mills, Chittagong which was leased to a private owner will now be managed by BJMC and the second unit of Rajshahi Jute Mills Ltd in Rajshahi, would be set up and run.

This was revealed in exclusive interview to fibre2fashion by the Textile and Jute Secretary, Mr Ashraful Maqbul.

Commenting on the reasons for restarting these jute mills he said, “Because of worldwide awareness of natural fibre, demand of jute products has increased substantially and to meet the increased demand, BJMC needs to increase its production capacity.

“Secondly, The Jute Mills are labour intensive industry and to employ a part of huge unemployed human resources, the government decided to reopen closed mills and also to ensure fair price to farmers, the government has decided to increase production capacity of jute mills so that the mills can purchase increased quality of raw jute at fair price from the farmers.

“This will also help earn more foreign currency through export of increased production and also will ensure pollution-free environment at both, home and abroad” he concluded by saying.

When asked for the reasons behind closing these jute mills in the past, he informed, “There are several reasons, which include, inefficient management, acute financial crisis of the mills, acute shortage of raw materials, abnormal power failure causing huge production loss.

“Among others, was lack of demand of jute products in global market, serious competition from synthetic products, Donors were unwilling to finance Govt. Jute Mills and policies of the then government were influenced by the World Bank”, he added by saying.

Fibre2fashion News Desk - India

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