A- A A+
Last Updated : Jul 4 2020 10:17PM     Screen Reader Access
News Highlights
PM Modi launches Aatmanirbhar Bharat App Innovation Challenge            COVID-19 recovery rate improves to around 61 per cent            Odisha: Two-day weekend shutdown in 17 districts begins            PM lauds BJP workers for their nationwide welfare work during pandemic            No flights to Kolkata from 6 cities to prevent further surge in Corona cases           

International News

Jun 29, 2020

Govt-run jute mills to shut down in Bangladesh

Government of Bangladesh has decided to shut down all the state-run jute mills in the country due to recurring losses and low productivity. Announcing this the Textile and Jute Minister of Bangladesh Golam Dastagir Gazi said on Sunday that the state owned Bangladesh Jute Mills Corporation (BJMC) will be provided 5000 crore Taka by the government to clear the arrears of workers. The Minister said that the mills will resume work later under the PPP or joint venture model.

Golam Dastagir said that the just mills will be modernized in line with domestic and global demand. He said that the machinery of these mills is 60-70 years old and their production capacity has come down to zero.

The government has announced that 25 thousand jute workers affected by the shut down of factories will be given the benefits of a voluntary retirement scheme.

The Jute industry in Bangladesh is critically dependent upon exports which contributes close to 80 percent of its income. However, in recent times the international market has shrunk due to falling demand in India and Turkey which were its two major markets.

Bangladesh is a major global supplier of Jute products. In volume terms it contributed close to 80 percent of global demand in 2018. On an average, the country produces 1.5 million tonnes of Jute per year with a combined share of above 90 percent of global production.

   Related News

Live Twitter Feed

Listen News

Morning News 4 (Jul) Midday News 4 (Jul) Evening News 4 (Jul) Hourly 4 (Jul) (1800hrs)
समाचार प्रभात 4 (Jul) दोपहर समाचार 4 (Jul) समाचार संध्या 4 (Jul) प्रति घंटा समाचार 4 (Jul) (2200hrs)
Khabarnama (Mor) 4 (Jul) Khabrein(Day) 4 (Jul) Khabrein(Eve) 4 (Jul)
Aaj Savere 4 (Jul) Parikrama 4 (Jul)

Listen Programs

Market Mantra 4 (Jul) Samayki 4 (Jul) Sports Scan 23 (Mar) Spotlight/News Analysis 4 (Jul) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 4 (Jul) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 4 (Jul)
  • Money Matters 22 (Mar)
  • International News 22 (Mar)
  • Press Review 23 (Mar)
  • From the States 23 (Mar)
  • Let's Connect 22 (Mar)
  • 360°- Ek Parivesh 23 (Mar)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 22 (Mar)
  • Sanskriti Darshan 23 (Mar)
  • Fit India New India 23 (Mar)
  • Weather Report 21 (Mar)
  • North East Diaries 22 (Mar)
  • 150 Years of Bapu 22 (Mar)
  • Sector Specific Discussions 22 (Mar)