Bangladesh MoTJ seeks fresh allocation of Tk 3.55b for BJMC

The Bangladesh ministry of textiles and jute (MoTJ) seeks fresh allocation from the government of over Tk 3.55 billion for the state-run Bangladesh Jute Mills Corporation (BJMC) which will be spent on jute procurement and payment of its different dues, officials said.

Now the state-run entity is operating 26 mills, including three non-jute industries. There are seven mills in Dhaka zone, ten in Chittagong and nine in Khulna.

Earlier, the government released Tk 4.60 billion in favour of BJMC. Besides, it released Tk 2.70 billion to help the state-run entity in purchasing raw jute and paying gratuity and wages to its employees recently.

BJMC’s 10.33 acres of land were handed over to the youth and sports ministry in exchange of Tk 10.85 billion. The two allocations have been made from the land price, said a high official of the BJMC.

The government has released Tk 7.30 billion for BJMC from the land price (Tk 10.85 billion) to date. They have sought the rest of amount from the land price to make payment of different dues.

It is very difficult for cash-strapped BJMC to operate jute mills after payment of its all dues. On the other hand, pressure from the Collective Bargaining Agent (CBA) has been increasing day by day for making different outstanding payments to employees, according to sources concerned.

In the current fiscal year (FY) 2016-17, the corporation has set target to procure 2.57 million bales of raw jute. An amount of Tk 12 billion will be required to meet the procurement target, according to the data available with BJMC.

At present, BJMC is the biggest employer in the industrial sector of the country providing direct jobs to about 70,000 workers as well as 5,500 officers and employees supporting the livelihood of around 6.0 million farm families. More than 50 million people are directly or indirectly involved with jute and jute industry.

Recent Posts

Indorama Ventures partners for commercial-scale bio-PET bottles

Indorama Ventures has teamed up with Suntory, Iwatani, and others to introduce the first commercial-scale bio-PET bottle, made from certified…

1 hour ago

Milliken & Company launches innovative moisture barrier

Milliken & Company has introduced Milliken Assure, first flame-resistant moisture barrier for firefighter turnout gear that is free from PFAS…

1 hour ago

Paradise Textiles, Kintra Fibers launch bio-synthetic material garment

Paradise Textiles has collaborated with Kintra Fibers, a leader in bio-based fibers, to produce the first garment made from Kintra’s…

1 hour ago

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

5 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

5 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

5 days ago