Related Keywords: at culture and core belief, Bangladesh government, continued erosion of competitiveness of jute mills, domestic market, jute mills, key to enable local technology value addition capacity to grow, large project to upgrade production technology, root cause of ill health of jute sector, under USD three hundred fifty million foreign loan
Bangladesh government has taken a large project to upgrade production technology of jute mills under $350 million foreign loan due to continued erosion of competitiveness of jute mills in the country. Domestic market is the key to enable local technology value addition capacity to grow.
Bangladesh's industrial policy of balancing, modernizing, rehabilitating and expanding (BMRE) with 100 percent import of foreign capital machinery is highly detrimental to the growth of local technology value addition capacity.
