Leased Khulna jute mill re-opens today
Preparations are complete for starting operation of leased Peoples Jute Mills today as a private firm has taken over its management for five years with plan to increase its production by introducing three shifts a day.
As per the agreement, the lessee, Kazi Firms Ltd, will give the government a 'lease fee' while a share of the profit will go to the government if the jute mill can become a profit earning enterprise.
The firm has taken lease bearing all liabilities during lease period, sources of Khulna Zonal BJMC office said.
As the authorities shut down the government-owned jute mill on August 1 last year on ground of severe financial crisis, about 5,000 workers and employees, both permanent and temporary, lost their jobs.
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