The ministry of textiles and jute (MoTJ) has sought a fresh allocation of over Tk 3.55 billion from the government for the state-run Bangladesh Jute Mills Corporation (BJMC), officials said. The amount of money will be spent on jute procurement by BJMC and payment of its different dues Earlier, the government released had released Tk 4.60 billion in favour of BJMC. Besides, it also released Tk 2.70 billion to help the state-run entity in purchasing raw jute and paying gratuity and wages to its employees recently. It is very difficult for cash-strapped BJMC to operate jute mills even after payment of its all dues. The corporation has set target to procure 2.57 million bales of raw jute in the current fiscal year (FY) 2016-17. An amount of Tk 12 billion will be required to meet the procurement target, according to the data available with BJMC. At present, BJMC is the biggest employer in the industrial sector of the country. It provides direct jobs to about 70,000 workers as well as 5,500 officers and employees supporting the livelihood of around 6.0 million farm families. More than 50 million people are directly or indirectly involved with jute and jute industry. The state-run entity is operating 26 mills, including three non-jute industries. There are seven mills in Dhaka zone, ten in Chittagong and nine in Khulna.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
China’s duty-free revival meets a reality check as Hainan shifts from VICs to va…
Hainan’s retail recovery is beginning to look less like a cyclical rebound and more like a rewiring of China’s domestic... Read more
Zombie inventory and shrinking margins inside China’s fashion returns meltdown
China’s digital fashion market, long celebrated as the world’s most sophisticated test bed for e-commerce innovation, is facing a destabilising... Read more
Circularity by Design: How EU rules are turning data into fashion’s new currency
The European fashion sector has entered a compressed transition window. Two regulatory confirmations: the revised EU Textile Labelling Regulation (effective... Read more
The Lyst Reset: Chanel and Dior rewrite luxury’s power index
The global luxury hierarchy has been quietly rewritten, and not by sales alone. In Q1 2026, Chanel rose to the... Read more
Inventory, not expansion, defines winners in global apparel
The 2025 fiscal year has crystallised that revenue growth and operational health are no longer moving in tandem. In an... Read more
From growth-at-all-costs to cash discipline, the new economics of DTC fashion
The global direct-to-consumer apparel market is entering a correction phase, as fashion brands across the US, Europe and the UK... Read more
Britain’s Forgotten Growth Engine: Why policy gaps are undermining fashion and t…
Britain’s fashion and textile industry, often framed through the lens of creativity and design, is emerging as a case study... Read more
Beyond price rallies structural reform can strengthen India’s cotton economy
India’s cotton economy is entering a decisive phase, where firmer prices and tighter arrivals in the 2026-27 season have given... Read more
Polyester volatility redraws India’s textile industry competitive map across Asi…
India’s synthetic textile industry has entered a phase of cost instability as polyester staple fibre (PSF) prices rise across domestic... Read more
The £7 Billion Question: Who pays for fashion’s ‘free rental’ habit?
The global fashion industry is facing an uncomfortable paradox: its most valuable customers may also be its most destructive. A... Read more












