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Jute mills decry bag pricing formulae
September 2017
The Indian Jute Mills Association (IJMA) is concerned over the proposed new pricing formulae of jute bags adopted by the Tariff Commission 2017 that will bring down prices of the bags supplied to the Government by minimum 10 per cent. The Association feels if the pricing is implemented from September, several mills will turn ‘unviable’ and shut down.
Bangla Govt takes back 8 jute mills
August 2017
The Bangladesh government has taken eight jute and textile mills back from the private sector as they violated major conditions that were set when the State-owned mills were handed over. For a long time, the authorities had kept these enterprises closed after taking them over from the government, according to the jute and textile ministry of the country.
Face-lift for 24 Bangla jute mills
December 2016
The government of Bangladesh has decided to modernise 24 public sector jute mills with Chinese funding. For several years, state-owned jute mills have been loss-making units and in the last fiscal year their losses amounted to Tk 588 crore.
6 NJMC jute mills to down shutters
December 2016
The Textile Ministry has decided to close down six jute mills of the Bengal and Bihar-based state-run PSU National Jute Manufacturers Corporation (NJMC) and its subsidiary Bird Jute Exports Limited (BJEL).
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