Four jute mills reopened

Abul Khair Group has reopened four jute mills in Faridpur and Kushtia, creating employment opportunities for around 15,000 workers.

Sheikh Shabab Ahmed, Head of Corporate Affairs and Legal at Abul Khair Group, said the jute products business is capital-intensive and many jute mills in the private sector are currently closed.

“Therefore, instead of setting up new factories, we decided to work with existing closed mills. As part of our recent entry into the jute business, we have reopened four closed jute mills in the private sector.

This has created employment for 15,000 people across the four factories. In addition, Abul Khair Group has applied to take over three to four closed jute mills owned by the government,” he told the media on Thursday.

Sheikh Shabab Ahmed said they are working to produce higher-value, value-added jute products in the future.

He also said that Bangladeshi jute is of high quality and that there is a market for this environmentally friendly product.

“That is why our organization has decided to invest in jute products. We believe this investment will contribute, even indirectly, to improving the livelihoods of jute farmers,” he said.

Abul Khair Group has set a target of exporting 80,000 metric tonnes of jute yarn and other jute products annually from these mills.

The group is working towards an export target around Tk 15,000 crore, in jute yarn and jute products by December 2026. The products are being exported to Turkey, China and other countries.