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Muhith focuses on PPP concept

Rejuvenating jute mills


FE Report | June 08, 2018 00:00:00


Finance Minister AMA Muhith has stressed the need for adopting public-private partnership (PPP) arrangement to rejuvenate the ailing public-sector jute mills.

In the proposed budget for fiscal year 2018-19 he said, "Nowadays jute and jute products are being highly preferred for its quality of being environment-friendly."

The finance minister said they want to seize this opportunity as the grower of best quality jute in the world.

He added: "Alongside production and promotion of improved technology-based jute and seeds, we are carrying out BMRE (Balancing, Modernisation, Rehabilitation and Expansion) of mills under Bangladesh Jute Mills Corporation (BJMC) to make the entity self-reliant."

He also said, "Centralised management of public sector jute industry is not suitable for the growth of this sector. To get rid of this situation, we must adopt public-private partnership (PPP) concept to run the jute mills."

Now the BJMC is operating 26 jute mills including three non-jute industries.

There are seven jute mills in Dhaka zone, 10 in Chattogram zone and nine in Khulna zone.

The BJMC has two zonal offices for supervising and coordinating the activities of regional jute mills, according to its website.

rezamumu@gmail.com


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COMPANY YCP HIGH LOW CLOSE %CHG
MIDASFIN 23.2 25.5 23.5 25.5 9.9138%
PARAMOUNT 14.9 16.3 15.2 16.3 9.396%
REPUBLIC 21.2 23.3 21.5 23.1 8.9623%
PREMIERLEA 10.5 11.5 10.6 11.4 8.5714%
AZIZPIPES 195.0 214.5 196.7 210.6 8%
SONARBAINS 16.6 18.1 16.7 17.9 7.8313%
RUPALIBANK 40.2 43.7 40.5 42.9 6.7164%
CONTININS 18.4 19.8 18.5 19.6 6.5217%
ASIAINS 17.6 19.3 17.4 18.7 6.25%
RUPALIINS 19.7 21.1 19.6 20.9 6.0914%
COMPANY YCP HIGH LOW CLOSE %CHG
GLAXOSMITH 1100.0 1107.0 1005.0 1006.0 9.3439%
ASIAINS 19.0 19.3 17.4 17.4 9.1954%
AZIZPIPES 214.4 214.5 196.7 197.5 8.557%
MIDASFIN 25.5 25.5 23.5 23.5 8.5106%
SONARBAINS 18.0 18.1 16.7 16.7 7.7844%
PREMIERLEA 11.4 11.5 10.6 10.6 7.5472%
PARAMOUNT 16.3 16.3 15.2 15.2 7.2368%
DHAKABANK 16.6 16.6 15.5 15.5 7.0968%
CONTININS 19.8 19.8 18.5 18.5 7.027%
BNICL 17.7 17.8 16.6 16.6 6.6265%
COMPANY YCP HIGH LOW CLOSE %CHG
NLI1STMF 14.6 13.3 13.2 13.2 -9.589%
SEBL1STMF 13.8 12.7 12.5 12.5 -9.4203%
ACFL 62.6 63.5 56.6 57.0 -8.9457%
KDSALTD 91.5 93.4 84.9 85.3 -6.776%
HRTEX 50.2 52.4 45.5 47.4 -5.5777%
QUEENSOUTH 50.4 51.3 47.1 47.6 -5.5556%
REGENTTEX 24.2 24.7 22.8 23.0 -4.9587%
DESHBANDHU 20.8 21.0 19.7 19.8 -4.8077%
SEMLIBBLSF 8.5 8.2 8.1 8.2 -3.5294%
MHSML 17.2 17.4 16.5 16.6 -3.4884%
COMPANY YCP HIGH LOW CLOSE %CHG
HRTEX 46.1 52.4 45.5 52.4 -12.0229%
ACFL 57.3 63.5 56.6 63.0 -9.0476%
KDSALTD 85.9 93.4 84.9 93.4 -8.03%
QUEENSOUTH 47.3 51.3 47.1 51.3 -7.7973%
SAIHAMTEX 30.5 32.9 30.4 32.9 -7.2948%
MHSML 16.5 17.4 16.5 17.4 -5.1724%
LEGACYFOOT 263.0 279.9 258.2 277.0 -5.0542%
RELIANCINS 47.6 50.0 47.6 50.0 -4.8%
REGENTTEX 23.4 24.7 22.8 24.4 -4.0984%
BDAUTOCA 437.0 468.8 431.5 455.1 -3.9771%