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Home / Knowledge / News / Textiles / Jute minister seeks funding to restart defunct mills

Jute minister seeks funding to restart defunct mills

09
Sep '09
Mr Siddiqui, Textiles & Jute Minister
The Minister of Jute and Textiles, Mr Siddiqui has informed that his ministry has sought special funding from the finance ministry to reopen three state owned jute mills in the current fiscal year.

The government had earlier announced that it was planning to reopen 13 closed jute mills. The names of the three mills to be reopened in this fiscal are People's, Quami and Dowlatpur jute mills, for which the ministry is seeking Tk 1.36 billion.

The funds will be utilised to pay off past debts and for purchasing raw jute to run the mills. The three mills identified to be reopened in the current fiscal, are in a position to be restarted immediately.

A few days back the government had sanctioned Tk 2 billion to the 17 jute mills being run under the aegis of the state run Bangladesh Jute Mills Corporation (BJMC), to help them purchase raw materials to run the mills.

Fibre2fashion - News Desk, India


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