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Pic: Shutterstock Necessary steps are being taken to reopen state-owned jute mills that were closed down last year, according to Bangladesh textiles and jute minister Golam Dastagir Gazi. International tenders have already been called for opening the mills under private management on a lease basis. Old workers who were laid off will be rehabilitated when the mills become operational.
New employment opportunities will also be generated with these privately-owned jute mills, said the minister while addressing the media after the monthly coordination meeting of the ministry.
He added that the value and demand of jute has increased around the world and thus farmers are getting a fair price for raw jute. The price in the current season is close to Tk 3,000, up 50 per cent from last year.
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Leasing out jute mills may give them new life The New Nation 30 April 2021
The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested in the short-term deals. The tender, issued by Bangladesh Jute Mills Corporation (BJMC) on April 27, aims to encourage both domestic and foreign entrepreneurs to join the jute industry through an open bidding system. The jute mills may open up scope for Foreign Direct Investment FDI and new employment opportunity for the unemployed youths.
The government closed all state-run jute mills on 1 July last year, because of heavy losses and excessive production costs, laying off more than 50,000 workers in three categories permanent, temporary and substitute. The jute sector s contribution to the economy is expected to increase due to the productivity and management strategies implemented by private owners. The government sai
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