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Published : 23 Apr 2026, 08:03 PM
The government has decided to lease out six more closed jute mills to the private sector by December this year.
The decision has been justified by the need to revive production, generate employment, and boost export earnings.
Textile and Jute Minister Khandaker Abdul Muktadir shared the update on Thursday following an emergency meeting with stakeholders at the ministry’s conference room, according to the ministry.
Preliminary projections expect each mill to receive investment ranging from Tk 2 billion to Tk 5 billion, and create more than 1,000 jobs.
"Our plan is to bring all mills under the Ministry of Textiles and Jute back into production -- some within the jute sector and others through diversified industrial investments," Muktadir said.
He added that this move would create thousands of jobs and save foreign currency by establishing import-substitute industries.
The Bangladesh Jute Mills Corporation (BJMC) shut down operations at all 25 of its state-owned jute mills in 2020, citing heavy losses and modernisation needs.
Since then, the government initiated a process to lease out 20 of those units.
Of them, 14 mills have already been leased out and 9 mills are currently operational under private management.
So far, approximately 9,500 people have gained employment through these revived units.
The minister described the impact of previously handed-over mills as "very positive", noting significant investor interest.
