Editor's Pick

Muzharul Islam and his spaces of belonging

14 July 2026, 00:02 AM In Focus

Who protects women in Bangladesh's gig economy?

14 July 2026, 00:05 AM Unheard Voices

Dhaka: How a city was planned to drown

12 July 2026, 17:12 PM Big Picture

11 dead over the World Cup: The real problem is not football

13 July 2026, 11:00 AM Views

How Bangladesh should respond to China’s proposed corridor

12 July 2026, 00:00 AM Geopolitical Insights

Acute Fund Crisis

7 Khulna-Jessore jute mills on brink of closure

10 February 2009, 18:00 PM

NATIONAL

Staff Correspondent, Khulna

Seven state-owned Jute mills in Khulna-Jessore industrial belt are now on the brink of closure due to acute fund crisis. Sources in the local BJMC office said the mills need over Tk 1000 crore to buy raw jute and pay off all arrears of workers and employees. If fund crisis is not solved urgently, the authorities will be compelled to lay off the Jute mills, sources added. Meanwhile, production at the state-owned Alim Jute Mills and Star Jute Mills has remained suspended for the last eight days due to shortage of raw Jute. It is learnt from reliable sources that five other jute mills will face the similar situation, as present stock of raw Jute will exhaust in three to four days. These are Platinum Jubilee Jute Mills, Crescent Jute Mills, Eastern Jute Mills, Jessore Jute Industries and Carpeting Jute Mills. Project directors of the state-run jute mills said, “We will have no other alternative but to suspend productions if government does not allocate required fund to buy raw Jute.” Besides, allocation of fund is also needed for payment of all arrears to employees and workers who are our main forces to keep production going. Meanwhile, Jute Mills workers and Employees Action Committee (JMWEAC) has placed a 10-point demand before the government to make the state-run jute mill more active and productive. The demands include allocation of fund to buy high quality raw jute, uninterrupted power supply to the industrial units, payment of arrears to employees and workers and reinstatement of retrenched workers. Tension prevailed in the industrial belt as workers demonstrated yesterday protesting suspension of production at Alim and Star jute mills.