Economic Reporter :
State-owned jute mills under the Bangladesh Jute Mills Corporation incurred a loss of Tk 481.90 crore in the last fiscal year 2016-2017, said textiles and jute ministry on Sunday.
The overall loss, however, declined by Tk 174.91 crore in the year compared with that of the previous FY 2015-2016 when 26 government-owned jute mills had incurred a loss of Tk 656.81 crore.
The information was revealed at a meeting on annual performance evaluation of the mills held at the ministry’s conference room on the day.
The ministry in a press release said that the BJMC identified some reasons including excess number of labourers working in the factories, fall in export of jute and jute goods, institutional incapacity and corruption for the losses.
State-owned jute mills under the Bangladesh Jute Mills Corporation incurred a loss of Tk 481.90 crore in the last fiscal year 2016-2017, said textiles and jute ministry on Sunday.
The overall loss, however, declined by Tk 174.91 crore in the year compared with that of the previous FY 2015-2016 when 26 government-owned jute mills had incurred a loss of Tk 656.81 crore.
The information was revealed at a meeting on annual performance evaluation of the mills held at the ministry’s conference room on the day.
The ministry in a press release said that the BJMC identified some reasons including excess number of labourers working in the factories, fall in export of jute and jute goods, institutional incapacity and corruption for the losses.
