Plan to partially revive Rajshahi Silk Factory

August 23, 2011 - Bangladesh

In view of severe scarcity of domestically produced silk yarn in the country, Bangladesh Finance Minister AMA Muhith has declared support to a plan of partially reviving the presently non-operational Rajshahi Silk Factory.

The Minister told officials and executives of the Bangladesh Silk Board (BSB) and silk industrialists, that owing to inadequate provision for ensuring adequate yarn supply, it would not be possible to completely resume the operations of the factory at present.

He took a trip of various sections of the factory to take a stake of its existing condition and stated that the Government was serious about reviving the silk industry with requisite financial assistance.

He, however, added that viable ideas and suggestions in this regard from concerned organisations and authorities are very essential.

In response to a request of extending the reach of Bangladesh Bank’s entrepreneurs’ equity fund to cover the sericulture sector, Mr. Muhith said that the proposal can be taken into account for benefit of the sector.

AHM Khairuzzaman Liton, Mayor of Rajshahi, too stressed on the need for revitalizing the factory under public-private partnership mode in order to improve the region’s socio-economic condition.