Apr 21, 2014, 3:42 pm (BST)
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Govt plans Tk 1,046 cr project for jute mills modernization
 
DHAKA, April 9 (BSS) - The government has planned to initiate a project with an outlay of Tk 1,046 crore for modernization and expansion of jute mills under Bangladesh Jute Mills Corporation
(BJMC).

The government has also taken steps to reopen three closed jute mills immediately.

Sources said BJMC has been asked to send a proposal in Development Project Pro-forma (DPP) format for modernization and expansion of its 24 jute mills. BJMC is now working on the pro- forma that is expected to submit it to the Planning Ministry soon, said a BJMC source.

The modernization and expansion programme is expected to enhance the total production capacity by jute mills to 230,000 tons from 200,000 tons annually.

"The government has taken steps for modernization and expansion of all jute mills to restore the past glory of jute through increasing their production capacity," BJMC chairman TD Mitra told BSS.

He said BJMC has already prepared a project for modernization and expansion of jute mills.

Under the project, the BJMC has a plan to replace old machineries, repairing old factory buildings, construction of new buildings, cable replacement and installation of generator for power supply.

TD Mitra said BJMC has already taken steps to reopen RR Jute Mills and MM Jute Mills in Chittagong, Daulatpur Jute Mills at Khalishpur in Khulna through renovation.

Taking to BSS, Mansur-ul-Alam of the planning department of the Jute and Textile Ministry said BJMC has been asked to prepare a project for modernization and expansion of its jute mills in January last. BJMC sent the project proposal to the ministry with an outlay of Tk 1,034 crore.

The parliamentary standing committee on the jute and textile ministry made some deductions and inductions in the project and increased the project cost to Tk 1,046 crore and asked the BJMC
to resend the project proposal in DPP format.

"We'll send the DPP to the planning minister and after getting its approval, it will be placed for cabinet approval," said Mansur-ul-Alam.
 
 
 
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