Bangladesh_Jute_Mills_Corporation

Bangladesh Jute Mills Corporation

Bangladesh Jute Mills Corporation

Public corporation which manages jute factories in Bangladesh

Bangladesh Jute Mills Corporation (BJMC) is a public corporation that manages all government-owned jute factories and industries in Bangladesh. The corporation is located in Dhaka, the capital city of Bangladesh.[1] In addition to the jute mills, it also owns several public entities in other fields[which?] for the purposes of funding and revenue collection.[2][3]

Quick Facts Abbreviation, Formation ...

History

The BJMC corporation was formed in 1972 when the government of Bangladesh nationalised all the Jute Mills in the country as part of an effort to institute new socialist policies.[1] The corporation is currently responsible for managing nine state-run jute mills in Bangladesh,[4] including Adamjee Jute Mills.[5] In 2016, the government announced plans to upgrade the jute mills by spending $340 million USD with Chinese assistance.[6]

The corporation also has a professional football team called Team BJMC.[7]

References

  1. [1]
    "Jute Industry". Banglapedia. Retrieved 12 October 2016.
  2. [2]
    "Team BJMC taste maiden victory". The Daily Star. 16 June 2019. Retrieved 4 September 2019.
  3. [3]
    Parvez, Sohel (15 May 2019). "BJMC Burdened With Losses | Anomalies in jute purchase, low productivity, inefficiency key factors; Tk 7,477cr bailout in last 10 years fails to improve situation". The Daily Star. Retrieved 4 September 2019.
  4. [4]
    "Jute mills workers observe work abstention protesting fresh pay rule". Dhaka Tribune. 20 September 2016. Retrieved 12 October 2016.
  5. [5]
    "Adamjee Jute Mill". Banglapedia. Retrieved 12 October 2016.
  6. [6]
    "Government to upgrade jute mills to boost production". Dhaka Tribune. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  7. [7]
    "BJMC get their revenge". The Daily Star. 11 March 2016. Retrieved 12 October 2016.
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