jute

Business

What is the history of jute cultivation in Bangladesh, and how has it impacted the economy of the country?

Bangladesh’s economy has benefited greatly from the centuries-long importance of jute as a crop. The major reason jute, a fibrous plant, is farmed is for its bats fibers, which are used to create rope, twine, and other goods. Jute is one of the most widely produced textiles in the world, and for many people in...

Business

Private jute mills getting orders worth Tk300cr

After closure of state owned jute mills, Directorate General of Food and Bangladesh Agriculture Development Corporation will buy from the private mills. Private millers will benefit from the shutdown of the Bangladesh Jute Mills Corporation (BJMC) mills because they will receive orders that the government previously primarily placed with the state-run jute corporation each year....

Business

Export earnings from jute increase by nearly 40% in FY 20-21

The export revenue from jute and jute products has increased by around 40% in Bangladesh's current fiscal year 2020–21.

Private jute mills getting orders worth Tk300cr

saiful4 months ago07 mins

After closure of state owned jute mills, Directorate General of Food and Bangladesh Agriculture Development Corporation will buy from the…

Export earnings from jute increase by nearly 40% in FY 20-21

saiful4 months ago02 mins

The export revenue from jute and jute products has increased by around 40% in Bangladesh’s current fiscal year 2020–21.

Big groups anticipate jute business.

saiful4 months ago011 mins

To capitalize on expanding export opportunities, a number of large corporate groups have stepped up to take over state-run jute mills that are currently closed.

According to sources at the textiles and jute ministry, Pran, Bay, and Akij are just a few of the well-known companies that are interested in investing in these jute mills. Two jute mills from India and one from the United Kingdom are also competing.