Thursday 18 July 2019 ,
Thursday 18 July 2019 ,
Latest News
  • 73.93 pc pass HSC, equivalent examinations; 47,286 students secure GPA 5
  • Armed forces ready to help: Army Chief
  • DU students demand ending affiliation with 7 colleges
  • Anti-mosquito drive from July 25: LGRD Minister
  • HSC results acceptable, good: PM
6 December, 2018 01:15:44 PM
Print

Moves afoot to make state-run industries profitable

Independent Online Desk
Moves afoot to make state-run industries profitable

The government has taken some initiatives to make different types of state-run industries, including sugar mills, cement factories, urea factories and Eastern Cables Ltd, profitable bringing them out of the cycle of loss, and enhance their production capacity.

According to a document of the Industries Ministry, the government has taken various initiatives, including BMR (Balancing, Modernisation and Replacement), to this end.

As per the document, the government is taking projects to conduct BMR in all 15 sugar mills under the Bangladesh Sugar and Food Industries Corporation. Currently, the BMR project is going on in Keru and Co BD Limited.

Initiatives have been taken to produce sugar from the sugar beet throughout the year in all sugar mills apart from producing white sugar from imported raw sugar.
The Industries Ministry has undertaken multiple projects to diversify sugar products by tapping the existing potential to make the mills profitable. These mills produce sugar from sugarcane supplied by its growers.
The country needs 1.5 million tonnes of refined sugar every year, most of which is met through imports, according to official data. There are 15 sugar mills under the BSFIC with 0.21 million tonnes of production capacity per year.
The ministry has taken an initiative to modernise the Karnaphuli Paper Mills to make it profitable.

Besides, a project has been taken to transform the Chhatak Cement Factory from the wet process to dry process for running it profitably.

The government has decided to establish Ghorashal Palash Urea Fertiliser Factory merging Ghorashal Urea Fertiliser Factory and Palash Urea Fertiliser Factory.

The document said to make the Gazi Wires Limited profitable, steps have been taken to replace the old machinery while process is on to procure new machinery for General Electric Manufacturing Company to enhance its production capacity.

Besides, to produce disposable razor blade, an initiative has been taken to modernise the machinery of Bangladesh Blade Factory Limited while steps have been taken to open the Dhaka Steel Workers Limited.

To boost the production capacity of Eastern Cables Limited, steps have been taken to set up XLPE (cross-linked polyethylene) insulated cable plant.  

Talking to UNB, a senior official of the Industries Ministry said the government has taken these moves to make the state-run mills profitable to generate more employment in these mills. "If we can modernise the mills and factories, these will increase production as well as the profit,” he said.UNB.

KK

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 48.8%
No 47.2%
No Comment 4.0%
Video
More Business Stories
Strong financial sector can be 4th driver of Bangladesh economy Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of the world, says Asian Development…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting