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IDCOL providing loan for 2.40MWp rooftop solar project

Industry: Jute & Jute Products, Jute Mill

2.40MWp rooftop solar installation has been implemented by Janata Jute Mills Ltd, a company owned by the Akij Group, in Boalmari, Faridpur. According to a news release, Infrastructure Development Company Ltd. (Idcol) provided a concessionary loan and technical assistance for carrying out the project.

On February 1st, the initiative was officially launched in front of senior Idcol and Akij Group representatives. Trina Solar panels and Huawei inverters from China are both included in the project’s equipment. It is anticipated to produce 2.76 GWh of power annually.




Source for more details:

The Business Standard


Source for more details:

Related News

Incentives must be provided to the eco-friendly jute industry: PM

February 18, 2023

Prime Minister Sheikh Hasina stated that while being an environment-friendly agricultural product, jute did not receive the necessary attention and incentives like the country’s RMG (readymade garments) industry.

Jute, as an agricultural product, does not have that option. Jute desperately needs that scope. Jute earlier brought in foreign currency for the country, and there were similar chances because environmental awareness had increased as a result of climate change.

There are currently six government textile engineering colleges in Chattogram, Pabna, Noakhali, Jhenaidah, Barishal, and Rangpur. These are run by the textile directorate within the Ministry of Textiles and Jute and are linked with the Bangladesh Textile University.




Source for more details:

Dhaka Tribune





Khulna’s exports of raw jute decreased by 50 percent

February 11, 2023

In Khulna markets, jute sales have sharply reduced this year, and as compared to last year, its exports have dropped by 50%. The dealers expect that the sales will rise up soon, though.

Jute worth Tk 19.22 crore in 14,750 bales was exported in the first half of the current fiscal year. 12,000 bales of jute worth Tk 38.18 crore were simultaneously exported in FY 2021–22. Jute exports reached 19,000 bales in the second half of FY22 (January to June), for a total value of Tk 15.33 crore.

Traders claim that the war in Russia and Ukraine and the global economic recession both contributed to a further decrease in jute exports. Another factor contributing to the decline in exports is the rising cost of dollars in the importer countries.



 Source for more details:

The Business Post


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