Government takes several jute mills back from private firms
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 information provided by the jute and textile
ministry of the country.
As the mills remained closed for a long time, it led to
unemployment of thousands of mill workers, thus negating the
primary objective of handing them over to private authorities,
said the ministry in a statement.
The mill authorities failed to pay their dues to the
Bangladesh Textile Mills Corporation (BTMC), Bangladesh Jute
Mills Corporation (BJMC) and some other financial institutions.
The authorities also did not comply with major conditions,
prompting the government to take the mils back from them, said
media reports quoting the ministry.
The mills that have been taken back by the government are
Fouzi Jute Mills, Ghorashal, Narsingdi; Madaripur Textile Mill,
Kokil Textile Mills Limited in Brahmanbaria; A R Hawlader Jute
Mills Limited in Madaripur; Eagle Star Textile Mills Limited in
Chittagong; Jalil Textile Mills Limited in Fouzdarhat,
Chittagong; Dhaka Jute Mills Limited; and Gausia Jute Mills
Limited in Dhaka.