Bangladesh will set up a jute viscose plant with financial and technical assistance from China. Viscose is a of manmade natural fiber. Products made using jute viscose could bring in three to four times more profits than products made using jute fiber.

Viscose is used in Bangladesh’s spinning mills to produce yarn for making the finest possible fabrics for the readymade garment sector. There is a huge demand for jute-made viscose in Bangladesh. The plant will cut down imports of viscose that Bangladesh has to do every year for its textile and readymade garment sector. Jute viscose has huge export potential.

China has been providing technical and financial support to Bangladesh for revitalising the jute sector. Bangladesh currently has 26 jute mills, which are 60 to 70 years old, and of which 24 mills, which are now in operation, are annually producing 2,08,642 metric tons of jute goods against their original annual production capacity of 3,45,000 metric tons.

Bangladesh will take technical assistance from China for modernizing 24 state-owned jute mills for producing diversified jute goods. Jute is one of the most affordable natural fibers and considered second only to cotton in the amount produced and the variety of uses of vegetable fibers.