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Jute Industries: Golden fibre shouldn’t be faded August 18, 2007

Posted by bdoza in AGRICULTURE, BANGLADESH, ECONOMY, GOVERNANCE, IMF, INDUSTRY.
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Some statistics in Jute sector:

From 77 Jute Industries in 70’s, now it is 14 in the Government sector. The no of labourers came down fom 250,000 to 45000, no of looms from 26000 to 8000, production of jute came to half.

Last year, Jute sector lost 421 crore of taka. Out of this, 30 crore is for labourers, 140 crore for the delay in the purchase of raw jute, 130 crore for lack of electricity.

In private sector, 56 industries are there; almost all are in bad shape. Looms are 11 thousand 700 in no. Last year only 3400 looms were productive. Only one and a half lac ton jute was produced in the last year though the target was 3 lac ton. 13 thousand permanent and 18 thousand temporary laborer work in the Private Jute mills.

But in private sector 65 twin and spinning mills are making profit. Here 36 thousand labourers are working.

After liberation 1 crore bell jut used to be produced, which is now come down to 40 -50 lac a year. Now the India is producing 1 lac bell improving from 40-50 lac bell ealier.

Government owe some 150 crore taka to the farmers and small businesses for purchase of raw jute.

Why this setback:

a) fault in the nationalization policy in the early stage of our statehood

b) fault in the privatization policy by the successive Governments

c) Lack of practicability of the world bank prescriptions

d) failure on the part of the governments to correct the causes of losses in the jute mills

e) failure on the part of private entrepreneurs to make the jute mills productive

The controversies:

Experts and Economists are blaming the present Government for following the prescriptions of World Bank and IMF without looking into the interest of the labourers and the Jute Industry itself. They opined taht the World Bank and IMF are giving wrong prescriptions to Bangladesh to safefuard the interest of others. They are trying to make Bangladesh a raw-jute producing country rather than a jute industrialized nation.

The future:

While the Jute mills are increasing in no in West Bengal and Assam and also considered as profit earner in India, why not in Bangladesh the same will not be true?

What is needed is, not controversy, rather a unified but pragmatic policy which will be good for the country and for the industry so that the colour of Jute does not fade away in Bngladesh..

 

Bdoza

Comments»

1. Anjir Chowdhury - January 15, 2008

This type of web page provide us knowledge about our research topic.I thank all the people who are responsible for making this knowledge providing web page.

2. kzl - November 12, 2008

It’s good. And very helpful.

3. Santhosh - December 3, 2008

I would like to get some more info on the Jute industry from you. Please send me an email.

4. Md. Sazzad Hossain & Md.Mizanur Rahman - February 13, 2009

we read & heard a lot about our Golden Fibre. I am working with a spinning mill names Nihaj Jute Spinners Ltd.Can anyone protect our Golden fiber? Is there anyone exist who can stop raw jute export making a best utilization way by running our mills smoothly.

5. bdoza - February 13, 2009

Our new Government has declared to protect the jute industries and revitalize the sector. Let us see how they take steps to fulfill the dream of our people.
We shall be glad if people who are or were directly involved with the jute industries in our country, will express their concern and put suggestions in this post or elsewhere on the future of jute in our country. .

6. israfil - March 1, 2010

it is good but not enough for students (Students of Eonomics ) Stamford University Bangladesh .Department of Economics

7. ibne siraj - March 3, 2010

@ Israfil
Please add few lines so that it raises upto the standard of Stamford University of Bangladesh Department of Economics.


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