Most of the jute mills in Chittagong have lost their 40 to 50 percent production capacity due to the absence of modern machinery and maintenance of the existing ones. Bangladesh Jute Mills Corporation ...

Local private jute millers sought a 30% cash subsidy on machinery modernization due to outdated units that expired decades ago. As a machine has a lifespan of 10 to 15 years, they claimed that roughly ...

Calcutta, June 8: The government wants to link sacking orders to jute mill modernisation, thereby pressurising owners to make capital expenditure on their units. A formula is being worked out to link ...

The government yesterday signed a memorandum of understanding (MoU) with an Indian company to manufacture machinery and spare parts locally for jute mills in Bangladesh. The MoU is aimed at turning ...

To increase competitiveness in leather and leather goods, the committee recommended low-interest loans at the Bangladesh Bank rate plus 2.5 percentage points, and cuts to the current 35% customs duty ...

In October 2018, one of Scotland’s leading newspapers, the Courier, published a story which started with the following sentences: “The jute ship Banglar Urmi docked at Dundee 20 years ago and ...

NEW DELHI: The salient features of the National Jute Policy will help increase the quantity of export of jute and jute products by achieving a CAGR of 15% per annum, produce good quality jute fibre ...

LAHORE, April 12: Pakistan’s jute industry can earn foreign exchange through exports if the government provides incentives that are given to other export-oriented sectors. Talking to reporters on ...

Jute, machinery, raw materials and equipment worth crores were gutted after a massive fire broke out in Baranagar Jute Mill near Alambazar on Saturday. It is being suspected that the fire started due ...