The ministry of textiles and jute (MoTJ) has sought a fresh allocation of over Tk 3.55 billion from the government for the state-run Bangladesh Jute Mills Corporation (BJMC), officials said. The amount of money will be spent on jute procurement by BJMC and payment of its different dues Earlier, the government released had released Tk 4.60 billion in favour of BJMC. Besides, it also released Tk 2.70 billion to help the state-run entity in purchasing raw jute and paying gratuity and wages to its employees recently. It is very difficult for cash-strapped BJMC to operate jute mills even after payment of its all dues. The corporation has set target to procure 2.57 million bales of raw jute in the current fiscal year (FY) 2016-17. An amount of Tk 12 billion will be required to meet the procurement target, according to the data available with BJMC. At present, BJMC is the biggest employer in the industrial sector of the country. It provides direct jobs to about 70,000 workers as well as 5,500 officers and employees supporting the livelihood of around 6.0 million farm families. More than 50 million people are directly or indirectly involved with jute and jute industry. The state-run entity is operating 26 mills, including three non-jute industries. There are seven mills in Dhaka zone, ten in Chittagong and nine in Khulna.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
The 2027 Mandate: Why denim’s future hinges on verifiable data
For decades, the global denim industry has relied on a narrative of durability, heritage, and authenticity. That narrative is now... Read more
Europe’s textile core unravels as costs, imports and policy pressure bite
Europe’s textile and apparel sector, long seen as a benchmark for craftsmanship and industrial depth, is slipping into a prolonged... Read more
Automation, innovation, regulation are the forces shaping textiles in 2026
The global textile sector has entered a new era. Early 2026 saw the industry breach a $1.06 trillion valuation, reflecting... Read more
The new Brussels rulebook, every EU apparel order is now a balance-sheet risk
The humble export order sheet is undergoing a transformation. What was once a straightforward commercial instrument: SKU, volume, FOB price,... Read more
Why 2026-27 could be a defining cotton year for India’s farm-to-fashion economy
The global cotton economy is entering a more constrained phase, and for India, the implications run far beyond the farm... Read more
Luxury resale’s next big battle is no longer digital, it is about who controls s…
For nearly a decade, the luxury resale story was written in the language of platforms. Market leadership was measured by... Read more
Digital Arms Race: Indian apparel giants deploy AI to neutralize tariff crisis
The Indian textile and apparel sector is in a digital survival phase in 2026, shifting from traditional labor-intensive models to... Read more
Europe’s Textile Endgame: Why Project FAE is becoming fashion’s most critical in…
Europe’s apparel majors are no longer treating circularity as a branding layer. With Project FAE or Feedstock Activation Europe, the... Read more
Engineering color at source, dye-free production is cutting cost, water, and tim…
For over a century, coloring has been anchored in wet processing, an energy-intensive, chemically saturated stage that happen post spinning.... Read more
The €11 bn deadlock, can Europe’s textile recycling catch up?
Europe is at a tipping point. Fast fashion consumption, led by rising incomes and a growing global middle class, has... Read more












