Kushtia Industries reeling under financial crisis
Wednesday, 25 March 2009
Our Correspondent
KUSHTIA, Mar 24: Most of the major and heavy industries in the district are in a deplorable condition and facing problems due to lack of financial support and negligence of the government. As a result century old industries are on the verge of extinction.
Mohini Mills, the largest handloom industry in the country, was set up in the district during the British period. There were three to four thousand employees in the mills at that time.
The mills management used to earn a huge profit every year at that time. The mills started incurring heavy loss when it was nationalised by the then Awami League government in 1972 as a result, due to mismanagement, high profile corruption and nepotism increased rapidly, management became very weak thanks to labour indiscipline.
The mills was closed down during President Zia's regime.
KUSHTIA, Mar 24: Most of the major and heavy industries in the district are in a deplorable condition and facing problems due to lack of financial support and negligence of the government. As a result century old industries are on the verge of extinction.
Mohini Mills, the largest handloom industry in the country, was set up in the district during the British period. There were three to four thousand employees in the mills at that time.
The mills management used to earn a huge profit every year at that time. The mills started incurring heavy loss when it was nationalised by the then Awami League government in 1972 as a result, due to mismanagement, high profile corruption and nepotism increased rapidly, management became very weak thanks to labour indiscipline.
The mills was closed down during President Zia's regime.