Investment in jute mills under private ownership increasing
Sunday, 23 September 2007
Our Correspondent
RANGPUR, Sept 22: Despite a number of setbacks at different levels, investment in jute mills under private ownership is increasing in the northern districts, sources said.
According to sources, about Tk 1.0 billion (100 crore) was invested in five private jute mills in Rangpur, Kurigram, Panchagarh and Nilphamari districts in the last five years. All the jute mills are running profitably.
Some of the machines and equipments were purchased from Adamjee Jute Mills while some other from India. The jute mills include Jem Jute Mills in Panchagarh, Bhai Bhai Jute Mills, JK Jute Processing Works and Nayeem Jute Mills in Rangpur, Poddar agro-based industries in Saidpur.
At least three proposed private jute mills in the northern districts are awaiting formal inauguration.
Different banks have shown interest to sanction loan for the proposed jute mills as it has emerged a potential sector in the northern districts, sources said.
The proposed jute mills include Kurigram Jute Mills in Kurigram, Azad Jute Mills in Lalmonirhat and ND Jute Mills in Saidpur.
At least 3000 workers and employees are employed in the jute mills. Each skilled worker earns at least Tk 3,000 per month on an average while an apprentice gets Tk 1,500 per month.
Raju Poddar, a director of Poddar Jute Mills at Saidpur BSIC industrial area, said job opportunities can be created for at least 5,000 workers when the proposed jute mills will go into operation.
Mainly jute bags, rope and jute fibre are being produced in the medium scale jute mills. Nearly 40 tonnes of bags and jute fibre are produced in the jute mills in a day.
Poddar said wall mat, carpet, rugs, window curtain cushion cover, vanity bag, suitcase, briefcase etc can easily be produced from jute.
The demand of these jute-made products is growing in abroad day by day as these are environment friendly, Poddar added.
Proposed ND Jute Mills Director Gokul said they need technical and financial supports from the government.
According to the government circular rate of interest, bank loan for jute mills should be 7.0 to 8.0 per cent, Gokul said.
JK Jute Processing Works Director Kolimullah said they can reduce production cost if they can have local technicians. At present they have to hire technicians from Dhaka or other places at higher rate, he added.
RANGPUR, Sept 22: Despite a number of setbacks at different levels, investment in jute mills under private ownership is increasing in the northern districts, sources said.
According to sources, about Tk 1.0 billion (100 crore) was invested in five private jute mills in Rangpur, Kurigram, Panchagarh and Nilphamari districts in the last five years. All the jute mills are running profitably.
Some of the machines and equipments were purchased from Adamjee Jute Mills while some other from India. The jute mills include Jem Jute Mills in Panchagarh, Bhai Bhai Jute Mills, JK Jute Processing Works and Nayeem Jute Mills in Rangpur, Poddar agro-based industries in Saidpur.
At least three proposed private jute mills in the northern districts are awaiting formal inauguration.
Different banks have shown interest to sanction loan for the proposed jute mills as it has emerged a potential sector in the northern districts, sources said.
The proposed jute mills include Kurigram Jute Mills in Kurigram, Azad Jute Mills in Lalmonirhat and ND Jute Mills in Saidpur.
At least 3000 workers and employees are employed in the jute mills. Each skilled worker earns at least Tk 3,000 per month on an average while an apprentice gets Tk 1,500 per month.
Raju Poddar, a director of Poddar Jute Mills at Saidpur BSIC industrial area, said job opportunities can be created for at least 5,000 workers when the proposed jute mills will go into operation.
Mainly jute bags, rope and jute fibre are being produced in the medium scale jute mills. Nearly 40 tonnes of bags and jute fibre are produced in the jute mills in a day.
Poddar said wall mat, carpet, rugs, window curtain cushion cover, vanity bag, suitcase, briefcase etc can easily be produced from jute.
The demand of these jute-made products is growing in abroad day by day as these are environment friendly, Poddar added.
Proposed ND Jute Mills Director Gokul said they need technical and financial supports from the government.
According to the government circular rate of interest, bank loan for jute mills should be 7.0 to 8.0 per cent, Gokul said.
JK Jute Processing Works Director Kolimullah said they can reduce production cost if they can have local technicians. At present they have to hire technicians from Dhaka or other places at higher rate, he added.