The government is going to lease out 12 shuttered state-run jute mills to private companies.
The government effort aims at quick job creation and tapping export growth in jute and jute-made items.
AFM Ehteshamul Hoque, secretary at the Bangladesh Jute Mills Corporation (BJMC), informed that they have shortlisted 25 proposals for the 12 mills, and sent it to the Ministry of Textiles and Jute.
The private sector firms will get the mills on lease for 5-20 years.
The shortlisted 25 proposals came from 15 local and international business giants such as the Pran Group, Bay Group, India’s Pacific Jute Mills and Mohan Jute Mills, and UK’s Jute Republic, as per sources.