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BJMC looking for financial assistance of Tk5.0 bn to procure raw jute

Related Keywords: BJMC, financial assistance, financial crisis, growing areas, Hessian bags, Hessian cloth, jute goods export, jute mills, longest natural fibre, procure raw jute, sacking cloth

Bangladesh Jute Mills Corporation (BJMC) is going through an acute financial crisis mainly due to decline in exports of jute goods is seeking for financial assistance from the government of TK5.0 billion to procure raw jute urgently to feed its mills, as the prime time of cash crop has now set in.
 
Major-General Humayun Khaled, Chairman of the BJMC, sent Monday a letter to Mahbub Ahmed, senior secretary of the ministry of finance (MoF), seeking the fund support.
 

Proposal of turning BJMC into holding company called off

Related Keywords: BJMC, golden fibre, holding company, jute mill, jute product

The Bangladesh Jute Mills Corporation (BJMC) will not be transformed into a holding company. The proposal given by finance ministry for turning the BJMC into a holding company has been called off.
 
State Minister for Textiles and Jute Mirza Azam offered the clarification, quashing a finance ministry proposal, at the session dedicated to the textiles and jute ministry at of DCs’ (deputy commissioner) conference in Dhaka.
 

BJMC all set to explore new markets for its jute products

Related Keywords: BJMC, jute farming, jute product, OCCI

Bangladesh Jute Mill Corporation, the world’s largest jute exporter is all out of exploring new markets beyond US, Canada and EU countries for its jute products. BJMC with its eight member team after their visit to Morocco and Nigeria, they were in Oman on Wednesday to meet the Oman Chamber of Commerce and Industry (OCCI) officials to explore business opportunities for jute products.

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