State-Run Jute Mills: Govt going for lease to private
Decides on short-term contracts; experts, industrialists sceptical about feasibility of the plan
Star file photo of Platinum Jubilee Jute Mills in Khulna.
The government has decided to lease out all 25 state-run jute mills to the private sector despite initial plans of reopening them either through joint venture, public-private partnership, or a government-to-government (G2G) agreement.
A nine-member inter-ministerial committee has nearly finalised the terms and conditions of the lease contracts and international tenders for this purpose might be issued within a week or two, said sources at the Bangladesh Jute Mills Corporation (BJMC).