Prospect of jute
Photo: Firoz Gazi /Driknews
Due to heavy losses a good number of jute mills have been closed down. The world's biggest mills Adamjee faced the same fate during the last BNP regime. The present government now wishes to reopen the mills. Our jute industry was the number one foreign currency-earning sector in the past. A huge number of people were working in this sector. But owing to the greed of some union leaders as well as some management people, this sector became the 'white elephant' of the country. The government had to incur heavy losses every year. At the same time we see that many new mills have been set up in our neighbouring India. Though the demand of jute is decreasing, India is setting up mills one by one. How is it possible? Adamjee was a very big mill where a huge number of labourers and employees were engaged. And it is very tough to manage such a huge number of people under one management umbrella. So, we can divide some parts of this mill before re-opening it for better management and control. I am also in favour of private ownership(s) of the mills instead of state ownership as the former would work hard for making profits.
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