BSFIC Chairman Sanat Kumar Saha said production at Pabna Sugar Mill, Shyampur Sugar Mill, Panchagarh Sugar Mill, Setabganj Sugar Mill, Rangpur Sugar Mill and Kushtia Sugar Mill will remain shut until further notice. He pointed out the mills had been accruing losses for a long time for several reasons, including the declining production capacity of sugar mills. According to BSFIC, the sugar mills racked up losses of Tk 9.7 billion in fiscal year 2019-20. Saif Uddin Ahmed, managing director of Pabna Sugar Mill, said the government has decided to run nine sugar mills this time and keep the remaining six closed. Around Tk 10 million to Tk 10.6 million is needed to cover their salaries.

Source: bd News24 December 05, 2020 05:03 UTC