Home / Knowledge / News / Textiles / Bangladesh to modernise 3 jute factories to boost sector
Bangladesh to modernise 3 jute factories to boost sector
16
Jul '18
The executive committee of Bangladesh’s National Economic Council recently allotted Tk 173.89 crore for replacing machinery in three jute factories in three different regions of the country. The factories are UMC Jute Mills Limited in Narsingdi, Jessore Jute Industries at Noapara in Jashore and Galfa-Habib Limited at Sitakundu in Chattogram.

The allotted fund would be spent under a project titled ‘Modernisation, Rehabilitation, and Extension of three Jute Mills’, to be implemented by the Bangladesh Jute Mills Corporation (BJMC), according to Bangladesh media reports.

The mills were set up in 1960s and their production capabilities have fallen beyond repair.

Of the total project cost, Tk150 crore will come from the government exchequer while the rest would be collected from the BJMC’s own fund. The deadline for completing the project is 30 June 2020.

Around 390 pieces of equipment will be purchased for these three factories. Office buildings, storehouses and staff quarters will be built as well. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Harmeet Singh

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

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Johan Berlin
InvestKonsult Sweden AB

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

Urs Stalder
Sanitized AG

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


August 2018

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

news category


Related Categories:

Advanced Search