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Bangladeshi jute mills likely to revival with implementation of packaging law

Related Keywords: Bangladeshi jute mills, packaging law

Bangladesh has 94 spinning mills in the country, of which around 20 were closed down in the last 7/8 months and many more mills are running below their capacity and will be forced to close down soon if the situation doesn’t improve. According to industry players, the implementation of the mandatory packaging law could rescue the local millers by increasing demand in the domestic market. Though the law was passed in 2010, the government is yet to implement it mainly due to an absence of associated rules and regulations.

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