Bangladesh Jute Mills Corporation

BJMC was formed on 26 March 1972 under PO 27 of 1972 to supervise ~78 jute mills nationalised at independence; mill count consolidated over decades to 25 operational units by the time the government closed all production on 1 July 2020, laying off more than 25,000 permanent and 32,000+ temporary workers with golden handshake payments of up to Tk 54 lakh per person. BJMC has since pivoted from production management to lease compliance monitoring. Current head (Chairman): the official BJMC website referenced a new appointment on 04/12/2024 but the name could not be verified from publicly available sources as of May 17, 2026; current_head left null pending verification. Staff count of 2,634 (1,122 officers + 1,512 employees including those on post-retirement leave) is sourced from the Ministry of Textiles and Jute request to Ministry of Finance (Financial Express, 2025); this is distinct from the 25,000+ production workers who were retrenched in 2020. Annual budget BDT: BJMC does not publish a formal annual budget as a revenue-earning entity; the figure 'over Tk 180 crore loss in FY2023-24' and 'Tk 137 crore salary expenditure' are from TBS/Daily Star citing Bangladesh Economic Review and BJMC internal data. The Tk 10,000 crore in outstanding mill bank loans is a pre-closure figure reported by TBS and The Daily Star citing government documents; not cleared as of May 2026. Textiles and Jute Adviser (interim government): Sheikh Bashir Uddin (took oath 10 November 2024) oversees the ministry; State Minister Md Shariful Alam (from the BNP-led government formed February 2026) made the 7,200-jobs statement at National Jute Day 2026. Lease structure: 5-20 year terms, extendable; lessees permitted to produce both jute and textile products in the mills. [2026-06-08 audit correction] Leased-mills workforce mis-stated ~7,500; cited BSS source (Apr 2026) states ~9,500. Figure sits in recent_activity, not auto-edited. Activity evidence hold: removed 2 exact generated refresh event(s) on read. Generated scores, positions, activity actions and verification stamps are unavailable. Retained events and unmatched action text require source review; original raw records are unchanged.