Govt prepares list of 98 SoEs for privatisation
Thursday, 1 November 2007
Naim-Ul-Karim
The government has prepared a list of 98 state-owned enterprises (SoEs) for privatisation, sources said.
Of the SoEs, they said, 25 are from jute sector, 22 from textile sector, 27 from steel engineering and miscellaneous sector, 14 from sugar and food sector, and 10 from chemical sector.
The objective of the current move is to strengthen the industrial base of the country through privatisation of the SoEs providing necessary incentive package and post-transfer supports, the sources said.
They said another motto of the move is employment generation in the country.
Sources said the SoEs despite having tremendous potentials are getting sick due to lack of working capital, debt burden and problems in marketing, quality management, maintenance, procurement and distribution and capacity utilisation.
The privatisation process will get momentum after amendment to the privatisation policy, which is under process, a senior official said.
He said the privatisation regulation 2007, which is also expected to be approved by the Council of the Advisors soon, will also hasten the process.
The SoEs to be privatised under the Textile Sector are Tangail Cotton Mills Ltd, Kariline Silk Mills Ltd, Engineering Industries Ltd, Ahmed Bawany Textile Mills Ltd, Chittaranjan Cotton Mills Ltd, Luxminarayan Cotton Mills Ltd, RR Textile Mills Ltd, Amin Textile Mills Ltd, Darwani Textile Mills Ltd, Olympia Textile Mills, Zeenath Textile Mills Ltd, Monno Textile Mills, Fine Cotton Mills, Satrang Textile Mills, Kokil Textile Mills, Meghna Textile, National Cotton Mills, Kurigram Textile Mills, Magura Textile Mills, Noakhali Textile Mills Ltd, Bangladesh Textile Mills and Chisti Textile Mills Ltd.
SoEs under Rajshahi Jute Mills Ltd, Jessore Jute Industries Ltd, Aleem Jute Mills Ltd, Latif Bawany Jute Mills Ltd, Star Jute Mills Ltd Chandani Mahal in Khulna, R.R. Jute Mills Ltd in Chittagong, Eastern Jute Mills Ltd in Khulna, Gul Ahmed Jute Mills Ltd in Chittagong, Hafiz Jute Mills Ltd in Chittagong, Karnafuli Jute Mills Ltd in Chittagong, Nishat Jute Mills Ltd in Tongi, Gazipur, Daulatpur Jute Mills Ltd in Khulna, Crescent Jute Mills Ltd in Khulna, M.M. Jute Mills Ltd in Chittagong, Amin Jute Mills Ltd in Chittagong, Amin Old Field in Chittagong, Peoples Jute Mills Ltd in Khulna, Quami Jute Mills Ltd in Sirajganj, UMC Jute Mills Ltd in Narsingdi, Plutinum Jute Mills Ltd in Khulna, Carpetting Jute Mills Ltd in Jessore, and Nabarun Jute Mills Ltd, Monwar Jute Mills Ltd, Bawa Jute Mills Ltd in Narayanganj and Mymensingh Jute Mills Ltd in Mymensingh;
Factories to be privatised from Steel engineering and Miscellaneous Sector include Chittagong Board Mills, Eastern Wood Works, Fidco Furniture Complex, Khulna Cabinet Manufacturing Unit, Common Finishing Facilities, Amin Agencies, Bangladesh Machine Tools Factory, General Electric Manufacturing Co, Chittagong Dry Dock, Bangladesh Diesel Plant, Bangladesh Blade Factory, Eastern Tubes, Khulna Industrial and Trading Company, Prince Iron, Gazi Wire Ltd, Chittagong Steel Mill, Dockyard & Engg Works Ltd, Khulna Shipyard, Pragoti Industries, Bangladesh Oil Mills, Meher Industries, Bangladesh Can Company Ltd, Dhaka Steel Works Ltd , Bangladesh Steel Industries Ltd, Dosha Extraction Ltd, Cornflour Mills Ltd, Ashrafia Oil Mills Ltd.
Factories under the sugar and food sector are : Panchagarh Sugar Mill, Mobarakgonj Sugar Mills, Faridpur Sugar Mills, Thakurgaon Sugar Mills, Rangpur Sugar Mills, Kushtia Sugar Mills, Setabgonj Sugar Mills, Rajshahi Sugar Mills, Carew & Co. Ltd, Jaipurhat Sugar Mill, Kaliachapra Sugar Mills, Fish Export, Sheikh Mojtaba & Co. and Deshbandhu Sugar Mills Ltd.
Khulna Hardboard Mills, Khulna Newsprint Mills, Chittagong Chemical Complex, Chattak Cement Factory, Karnaphuli Rayon & Chemicals Ltd, North Bengal Paper Mills, Sylhet Pulp & Paper Mills, Bangladesh Insulator & Sanitaryware factory, Dhaka Lather Company, Ltd and Kohinoor Battery Manufacturing Co. Ltd are also on the privatisation list.
The government has prepared a list of 98 state-owned enterprises (SoEs) for privatisation, sources said.
Of the SoEs, they said, 25 are from jute sector, 22 from textile sector, 27 from steel engineering and miscellaneous sector, 14 from sugar and food sector, and 10 from chemical sector.
The objective of the current move is to strengthen the industrial base of the country through privatisation of the SoEs providing necessary incentive package and post-transfer supports, the sources said.
They said another motto of the move is employment generation in the country.
Sources said the SoEs despite having tremendous potentials are getting sick due to lack of working capital, debt burden and problems in marketing, quality management, maintenance, procurement and distribution and capacity utilisation.
The privatisation process will get momentum after amendment to the privatisation policy, which is under process, a senior official said.
He said the privatisation regulation 2007, which is also expected to be approved by the Council of the Advisors soon, will also hasten the process.
The SoEs to be privatised under the Textile Sector are Tangail Cotton Mills Ltd, Kariline Silk Mills Ltd, Engineering Industries Ltd, Ahmed Bawany Textile Mills Ltd, Chittaranjan Cotton Mills Ltd, Luxminarayan Cotton Mills Ltd, RR Textile Mills Ltd, Amin Textile Mills Ltd, Darwani Textile Mills Ltd, Olympia Textile Mills, Zeenath Textile Mills Ltd, Monno Textile Mills, Fine Cotton Mills, Satrang Textile Mills, Kokil Textile Mills, Meghna Textile, National Cotton Mills, Kurigram Textile Mills, Magura Textile Mills, Noakhali Textile Mills Ltd, Bangladesh Textile Mills and Chisti Textile Mills Ltd.
SoEs under Rajshahi Jute Mills Ltd, Jessore Jute Industries Ltd, Aleem Jute Mills Ltd, Latif Bawany Jute Mills Ltd, Star Jute Mills Ltd Chandani Mahal in Khulna, R.R. Jute Mills Ltd in Chittagong, Eastern Jute Mills Ltd in Khulna, Gul Ahmed Jute Mills Ltd in Chittagong, Hafiz Jute Mills Ltd in Chittagong, Karnafuli Jute Mills Ltd in Chittagong, Nishat Jute Mills Ltd in Tongi, Gazipur, Daulatpur Jute Mills Ltd in Khulna, Crescent Jute Mills Ltd in Khulna, M.M. Jute Mills Ltd in Chittagong, Amin Jute Mills Ltd in Chittagong, Amin Old Field in Chittagong, Peoples Jute Mills Ltd in Khulna, Quami Jute Mills Ltd in Sirajganj, UMC Jute Mills Ltd in Narsingdi, Plutinum Jute Mills Ltd in Khulna, Carpetting Jute Mills Ltd in Jessore, and Nabarun Jute Mills Ltd, Monwar Jute Mills Ltd, Bawa Jute Mills Ltd in Narayanganj and Mymensingh Jute Mills Ltd in Mymensingh;
Factories to be privatised from Steel engineering and Miscellaneous Sector include Chittagong Board Mills, Eastern Wood Works, Fidco Furniture Complex, Khulna Cabinet Manufacturing Unit, Common Finishing Facilities, Amin Agencies, Bangladesh Machine Tools Factory, General Electric Manufacturing Co, Chittagong Dry Dock, Bangladesh Diesel Plant, Bangladesh Blade Factory, Eastern Tubes, Khulna Industrial and Trading Company, Prince Iron, Gazi Wire Ltd, Chittagong Steel Mill, Dockyard & Engg Works Ltd, Khulna Shipyard, Pragoti Industries, Bangladesh Oil Mills, Meher Industries, Bangladesh Can Company Ltd, Dhaka Steel Works Ltd , Bangladesh Steel Industries Ltd, Dosha Extraction Ltd, Cornflour Mills Ltd, Ashrafia Oil Mills Ltd.
Factories under the sugar and food sector are : Panchagarh Sugar Mill, Mobarakgonj Sugar Mills, Faridpur Sugar Mills, Thakurgaon Sugar Mills, Rangpur Sugar Mills, Kushtia Sugar Mills, Setabgonj Sugar Mills, Rajshahi Sugar Mills, Carew & Co. Ltd, Jaipurhat Sugar Mill, Kaliachapra Sugar Mills, Fish Export, Sheikh Mojtaba & Co. and Deshbandhu Sugar Mills Ltd.
Khulna Hardboard Mills, Khulna Newsprint Mills, Chittagong Chemical Complex, Chattak Cement Factory, Karnaphuli Rayon & Chemicals Ltd, North Bengal Paper Mills, Sylhet Pulp & Paper Mills, Bangladesh Insulator & Sanitaryware factory, Dhaka Lather Company, Ltd and Kohinoor Battery Manufacturing Co. Ltd are also on the privatisation list.