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Public corporation which manages jute factories in Bangladesh From Wikipedia, the free encyclopedia
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]
Abbreviation | BJMC |
---|---|
Formation | 1972 |
Founder | Ministry of Textiles and Jute |
Type | State owned association |
Legal status | Operational |
Purpose | Functioning as an umbrella of all jute factories in Bangladesh |
Headquarters | Adamjee Court Annex-1, 115–120 Motijheel, Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali, English |
Parent organization | Directorate General of Jute |
Affiliations | |
Website | www |
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]
About 78 jute mills were nationalised following the independence of Bangladesh and later they became subsidiaries of the Bangladesh Jute Mills Corporation.[8] The list is given below:
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