Jute businessmen want government’s help to turn around

Traders associated with jute and jute products want the government’s cooperation in expanding the market of jute and jute products and sustainable development of this sector. Traders in this sector feel that it has become difficult to run factories due to various reasons including advance income tax (AIT), TDS, tax on subsidy, high price of raw jute, pressure of bank loans.

On Monday (June 3), the traders spoke about this in the standing committee meeting on jute and jute products of FBCCI. FBCCI President Mahbubul Alam participated virtually as the chief guest in the meeting held at FBCCI Icon in Motijheel of the capital.

FBCCI president said, we have lost jute market due to various reasons. Low quality seeds are being used in jute cultivation in the country. In addition to identifying the weaknesses in the sustainable development of this sector, the public and private sectors must work together to solve the problems. He also said that there will be all kinds of cooperation from FBCCI for the development of this sector.

Senior Vice President of FBCCI. Amin Helali, Director-in-charge Abul Hossain, FBCCI Director Azizul Haque, former Director Mohammad Mahbubur Rahman Patwari, Secretary General Md. Alamgir, co-chairman and members of the committee spoke.

The meeting was presided over by Kazi Nabil Ahmed, MP, Co-Chairman of the Committee and Managing Director of Gem Jute Limited.