The Bangladesh Jute Mills Corporation (BJMC) has no money to buy raw jute. This is because of a delay in financial disbursement from the government. The procurement of raw jute started two months ago. BJMC had targeted purchase of 2.6 million quintals of raw jute this year. And so far it has procured minimal quantity of raw jute due to unavailability of funds required for purchase. It needs funds to purchase raw jute that will help keep the wheels of the mills running.
This fall in buying may result in a slump of jute goods production. About 80,000 employees have been engaged in the BJMC-run 26 mills. But due to lack of modernisation, the mills could not utilise their production capacity fully. The BJMC has signed three memorandums of understanding to receive technical assistance from China that will help modernise the mills. All the jute mills of BJMC will be surveyed with the Chinese government’s financial grant. In addition, the Chinese government will also provide technical support for manufacturing the latest and diversified goods at the jute mills of BJMC.
BJMC sells jute sacks and hessian to Bangladesh Chemical Industries Corporation, Bangladesh Agricultural Development Corporation, ministry of food and other organisations.
www.bjmc.gov.bd/
