All closed jute mills cannot be reopened – Muhith

02 Jul '10

2 min read

Abul Maal Abdul Muhith, Bangladeshi, Finance Minister said that, the government will not be able to open all the shut jute mills. More so, there seems to be no possibility of the same, as these were shut down under the 'golden handshake' scheme.

The statement was made during a press conference, following a meeting with a France-based firm, Lafarge's officials. Government has listed 27 jute mills, which can turn functional against under the public sector. Muhith has called BJMC as a useless and fraudulent organisation, which needs to be fully reorganized.

Muhith also added that, since the private sector rules the jute industry, it was not acceptable to let BJMC-like associations continue its operations in the public jute mills. In addition, a different financial planning is also required to renew the public sector jute mills.

However, Agriculture Minister, Matia Chowdhury, had mentioned this week that, the Adamjee Jute Mills will be reopened and if required then private businessmen will do the same.

More so, Department of Agriculture Extension informed that, an estimated 8.4 million bales of jute can be produced in the country this season. The Finance Minister is also sure that, the country might also attain a growth rate of six percent or even more.

With the Bangladesh Bureau of Statistic (BBS) working on the matter, government is likely to declare the growth rate by the end of this month.

Fibre2Fashion News Desk - India

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