While private sector jute mills in the country have marched forward with their innovative and diversified ideas to grab foreign jute and jute goods markets, public sector jute mills have kept losing, despite their attractive locations and infrastructure. Why are the public sector jute mills incurring losses, despite their ready infrastructure and good locations? The salaries of public sector jute mills’ workers were more than double those in the private sector jute mills. However, despite good pay and perks, the market share and exports from the BJMC jute mills had kept declining over the period. On the other hand, jute goods produced in the private sector jute mills in 2018-2019 amounted to 8.15 lakh tons.

Source: Dhaka Tribune July 11, 2020 15:45 UTC