‘State-owned jute mills to reopen under PPP model’

Staff Correspondent

29 April, 2021 12:00 AM printer

Textiles and Jute Minister Golam Dastagir Gazi on Wednesday said the state-run jute mills are in process of reopening soon under public-private partnership (PPP) model aiming to regain the global market as well as to attract foreign direct investment. 

He further mentioned that local and international entrepreneurs can take lease of the mills in joint venture.

The minister also hinted at international tender in this regard. Golam Dastagir gave the information while addressing a virtual meeting.

He said the demand for jute and jute products has increased globally and the farmers now get fair price due to impact of measures taken by the government.

The price of raw jute has increased by 50 percent compared with the last year and the farmers are now getting Tk 3, 000 on average price of raw jute, he added.

Bangladesh earned 953.57 million US dollar in the first six month of fiscal year 2020-21 which is almost 22.94 percent higher than previous fiscal year, official data shows.

“We have surpassed the 10.64 percent targeted volume in the present fiscal year,” the minister said.

Staffers of four jute mills — National, Khalispur, Daulatpur and KFD — have received the due in August 2020, according to the officials.

The government decided to pay the dues of 34,757 retired workers through savings certificates as the finance ministry has already released Tk 17.89 billion in this regard.

The Ministry of Textiles and Jute has disbursed around Tk 16.62 billion among 31, 757 workers which is almost 93.94 percent of released fund.

Its mentionable that the government announced shut of 25 jute mills under Bangladesh Jute Mills Corporation (BJMC) on July 1, 2020 amid concern over the state-run entities.