The Bangladesh Jute Mills Company (BJMC) – the controller, supervisor, and coordinator of the state-owned jute mills – has once more floated a world tender to lease out 13 jute mills to the personal sector.
In accordance with a BJMC supply, the 13 mills can be leased out for 5 to twenty years, together with the potential for extending this at a later time, and the mills premises can be used for producing solely items utilizing jute.
The BJMC on Monday floated the tender, in search of expression of curiosity (EOI) from native and overseas buyers, and requested them to submit it by 20 March.
The mills can’t be mortgaged, sub-leased or rented out to any occasion, together with banks, monetary establishments or intermediaries.
Earlier in April final 12 months, the jute authorities had floated one other worldwide tender to lease out 17 out of 26 mills to the personal sector.
Though there was a lot curiosity among the many personal corporations for the mills, which have an enormous quantity of land and properties, these continued to incur losses resulting from lack of correct administration.
Following the process, the BJMC finalised 5 personal corporations, together with one overseas, to lease out the 5 jute mills to.
Now, the BJMC has sought curiosity to lease out 13 different jute mills.
Of these, three mills – Gul Ahmed Jute Mills, MM Jute Mills, and RR Jute Mills – are within the Chattogram zone.
UMC Jute Mills, Rajshahi Jute Mills, and Jatio Jute Mills are within the Dhaka zone. Lastly, there are seven mills from the Khulna Zone, that are Platinum Jubilee Jute Mills, Jap Jute Mills, Khalishpur Jute Mills, Doulatpur Jute Mills, Star Jute Mills, Jessore Jute Industries, and Carpeting Jute Mills.
Within the tender doc, the BJMC mentioned the lease can be awarded to the very best scoring bidder ranked on the idea of a mixed rating of technical and monetary proposals weighted equally.
It mentioned that any occasion might go to the enlisted jute mills for lease functions. Solely short-listed bidders shall be invited for a request for proposal (RFP), and the inviting authority retains the best to reject all or any EOI with out assigning any cause.
BJMC jute mills at a look
Earlier than independence, Bangladesh had 75 jute mills. On 26 March 1972, the BJMC was fashioned by a presidential order to oversee, regulate and handle 78 mills, together with the personal and deserted ones, and people owned by the previous East Pakistan Industrial Improvement Company.
The variety of jute mills elevated to 82 in 1981. After 1982, 35 mills turned privatised, whereas the federal government withdrew capital from eight and one mill merged with the Mymensingh Jute Mills.
Eleven mills have been shut down, offered or merged with different mills at totally different intervals after 1993, together with the Adamjee Jute Mills which was shut down in 2002.
The BJMC later resumed manufacturing in two mills in 2011 and three in 2013, placing the variety of operational mills to 32 throughout this era.
Amongst these, instances concerning 5 mills are underway in courts, whereas a challenge for producing Viscose [a semi-synthetic material used in clothes, upholstery and bedding] is being carried out in one other.
Twenty-five jute mills beneath the BJMC earlier than the federal government shut down all state-run jute mills on 1 July final 12 months resulting from heavy losses and extreme manufacturing prices, and despatched round 25,000 staff into retirement by golden handshakes.