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Jute millers call for lifting source tax | The Daily Star

24-03-2019· Jute millers have urged the government to withdraw the source tax on export proceeds next fiscal year, according to a budget proposal of the Bangladesh Jute Mills Association (BJMA). The trade ...

Jute Industry in Bangladesh | History, Problems, and ...

Prospects of Jute Industry in Bangladesh. About 4 million farmers cultivated Over 8 lakh hectares of jute and jute crops are in Bangladesh. According to BJMC, government jute mills used to buy an average of 13 lakh bales of jute a year. Around 50-55 lakh bales of produced jute are used in private sector jute mills.

Jute sector buoyant on good prices, high exports | Dhaka ...

23-08-2021· Export Promotion Bureau (EPB) statistics show that jute and jute goods fetched over $1.1 billion in FY2020-21, which is over 30% higher than the export earnings of FY2019-20. The higher export earnings come despite a drop in jute production from 8 million bales (in 2019-20) to 7.7 million bales in the last fiscal year, according to Bangladesh ...

BJMC seeks tax benefits for jute mills for 4yrs - RMG ...

17-08-2019· 17-08-2019· The Bangladesh Jute Mills Corporation has demanded extension of the income tax benefits for state-owned jute mills for four more years. It also demanded reinstatement of advance income tax on sales and supply of jute goods at local market at 1 per cent. Jute goods producers, both corporate and individuals, have been enjoying income tax […]

Janata Jute Mills changes hand in Tk700cr deal - RMG ...

30-06-2020· Producing one million tonnes of jute per year, on average, the country is also the largest exporter of raw jute in the world. Bangladesh exported jute and jute goods worth $752 million during the first 11 months of the current fiscal year. Of the exports, over 60 percent came from jute yarn and twine, followed by raw jute, sacks and bags.

Govt jute mills likely to go private by 2021

07-07-2021· According to the BJMC, the jute mills incurred losses of Tk573.58 crore in fiscal year 2018-19, up by Tk76 crore than the previous financial year. Losses in 2009-10 amounted to Tk275.23 crore. In 2010-11, it was Tk17.53 crore and in 2014-15, it jumped to Tk729.01 crore.

New Age – State-owned jute mills lose Tk 383.87cr in ...

State-owned jute mills under the Bangladesh Jute Mills Corporation incurred loss of Tk 383.87 crore in the 2012-13 fiscal, after making profit in the previous two fiscal years. Textiles and jute minister Emajuddin Pramanik stated this in parliament in reply to a starred question of Sharif Ahmed.

Jute exports on the mend | The Daily Star

20-01-2021· Jute and jute goods exports rebounded in fiscal 2019-20 after a 20 per cent dip the previous year. And this year, ... Giridhari Lal Modi, chairman of Uttara Jute Mills, ...

Private jute millers can now go full steam ahead | The ...

08-07-2020· 07-07-2020· State mills under the Bangladesh Jute Mills Corporation (BJMC) exported 31,730 tonnes of jute goods in the first 11 months of fiscal 2019-20, …

General Mills Fiscal 2021 Fourth Quarter Earnings June 30 ...

General Mills – Fiscal 2021 Fourth Quarter Earnings, June 30, 2021 e-commerce, which now makes up 11% of our worldwide net sales. Our e-commerce net sales were up 45% in Fiscal '21, and we continue to see our brands holding higher market shares online than in brick-and-mortar outlets.

Operations of 25 state-owned jute mills to go private ...

02-03-2021· 02-03-2021· The cumulative loss stood at Tk10,674 crore in the 2018-19 fiscal year (since 1972). The mills included Bangladesh Jute Mills Ltd and UMC Jute Mills Limited in Narsingdi, Jatio Jute Mills Ltd in Sirajganj, Karim Jute Mills Limited and Latif Bawany Jute Mills Limited in Dhaka, ...

Stopping production at BJMC jute mills-II: Incurring ...

11-07-2020· 11-07-2020· On the other hand, jute goods produced in the private sector jute mills in 2018-2019 amounted to 8.15 lakh tons. On the export front, BJMC exported jute and jute goods worth Tk264 crore in 2018-2019 fiscal year, in contrast to Tk772 crore worth of goods exported by private sector jute mills.