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41 Bangladeshi organizations given permission to export raw jute

Related Keywords: against letter of credit, Bangladesh government, current fiscal, decision to give permission, ensure jute bags used in packaging of various goods, export raw jute, forty one organizations, indefinite ban was imposed, India and Pakistan main importers, low yield of jute, production is likely to drop, special measure, Textile and jute ministry

The Bangladesh government has taken decision to give permission to 41 organization to export 277,000 bales of raw jute against the 251 letters of credit issued before Nov 3 last year as a special measure, this was informed by Saikat Chandra Halder, PRO of the textile and jute ministry on Wednesday.

The government on Dec 3 last year banned the export of raw jute for an indefinite period to ensure that jute bags were used in the packaging of various goods. Following appeals from jute exporters, permission has been granted to 41 organisations to export raw jute.

BJMC provided with Tk100cr loan by govt to procure raw jute

Related Keywords: Bangladesh Jute Mills Corporation, cultivators across country, disbured among twenty six jute mills, Finance Division, golden fiber, peak season, procure raw jute, provided Tk hundred crore loan, shortage of fund, Textile and jute ministry

Bangladesh Jute Mills Corporation has been provided loan of Tk 100 crore by the government for procurement of raw jute from cultivators across the country. The loan will be disbursed among its 26 jute mills.

Finance Division has promised to disburse another Tk100 crore from the government exchequer after Eid-ul-fitr holidays, as the jute ministry had sought fund just two days before Eid holidays began for immediate use like payment of workers’ wages to avert agitation, according to official sources.

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