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Govt works to revive jute sector as export potentials high

  • Published at 11:54 pm March 11th, 2017
  • Last updated at 11:54 pm March 11th, 2017
Govt works to revive jute sector as export potentials high
State Minister for Textiles and Jute Mirza Azam on Saturday said the government has already taken steps to expand the internal market of jute along with expanding its export for increasing the jute sector’s contribution to the national economy. “Jute sector has huge potentials for economic development. We have already taken steps to expand its internal market, boost export and root out corruption for increasing this sector’s contribution to the national economy,” he said while speaking at a seminar here, reports BSS. “I am hopeful that the sector would surpass the success of the textile sector in the next five years.” Economic Reporters Forum (ERF) organised the seminar “The potentials of jute sector for economic growth” with its president Saif Islam Dilal in the chair. Bangladesh Jute Mills Corporation Chairman Md Mahmudul Hasan, Jute Directorate Director General Mosleh Uddin, Bangladesh Jute Diversified Product Manufacturers and Exporters Association (BDJMEA) president M Rashedul Karim Munna, Bangladesh Shippers Council chairman Rezaul Karim and ERF General Secretary Ziaur Rahman, among others, spoke at the seminar. Research Director of the Centre for Policy Dialogue (CPD) Dr Khandker Golam Moazzem presented the keynote paper. Mirza Azam said the Jatiya Sangsad passed the Jute Bill 2017 to create scope of work in a coordinated way for the overall development of jute sector. The government has been extending an all-out support to private sector for diversification of jute products to expand export, he said, adding that at the same time, steps have been taken to open exhibition centre at district level across the country for expanding internal market. About the corruption in BJMC, the state minister said there were no rules or policies in BJMC in the past. The present government has already taken steps to check irregularities in BJMC that has helped save losses amounting to Tk200 crore annually. “During the regime of BNP-Jamaat allinace, there was a national and international conspiracy to destroy the jute sector. The Adamjee Jute Mills was shut at the advice of the World Bank, but at the same time, the WB gave funds for establishing nine new jute mills in India,” he added. He said the government is thinking to organise international exhibition on jute goods to popularise jute products. M Rashedul Karim Munna said a total of 28 member countries of the European Union have decided to ban the use of polythene that will create a demand for 39bn jute bags in those countries. Khandker Golam Moazzem in his keynote paper said there is a huge demand for jute products in domestic market and suggested building a proper marketing system. There is a demand for 2.92bn gunny bags in the domestic market, he said, adding that the government needs to bring structural changes to the incentives it is providing to the jute sector.