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Page 5 - பங்களாதேஷ் சணல் ஆலைகள் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt floats tender to lease out 25 jute mills

He also said they would give priority to foreign direct investment (FDI) in the leasing process. The government closed all state-run jute mills on July 1 last year, prompted by heavy losses and excessive production costs, laying off more than 50,000 workers in three categories permanent, temporary and substitute. When discussing the tender, Mohammed Mahbubur Rahman Patwari, chairman of Bangladesh Jute Mills Association, said although the tender system was a long process, he applauded the decision. But the main challenge now is finding out what will be the investors financing system. Whether the company who will take the lease will be able to finance the investment and how they will revamp the industry, these issues are not clear yet, he added.

International tender called for reopening closed jute mills: Jute minister

International tender called for reopening closed jute mills: Jute minister Star file photo of Platinum Jubilee Jute Mills in Khulna. UNB, Dhaka UNB, Dhaka Textiles and Jute Minister Golam Dastagir Gazi has said effective steps are being taken to soon reopen the state-owned jute mills that were closed down last year. The mills would be reopened under private management on a lease basis. The minister also added that international tenders have already been called in this regard. He made these remarks while speaking to the press after joining the monthly coordination meeting of the ministry online yesterday afternoon. The minister said jute farmers are currently getting a fair price for raw jute as the value and demand of jute has increased across the world. The average price of raw jute in the current jute season is up to Tk 3,000, which is about 50 percent higher than last year, he added.

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