With the aim to safeguard workers’ livelihoods, the government has decided to reopen all the closed state owned mills and factories gradually. It is indeed a happy moment as it will bring a sigh of relief to the workers and their families. The government also wants to make these mills profitable so that they can play a significant role in boosting our economy.
According to government data, the loss of factories under five state- owned companies was Tk 325 crore in 2008-09. In the 2016-17 Fiscal Year, the loss has increased to Tk 1,851 crore. In other words, the loss has increased six times in 10 years.
In the current fiscal year 2020-21, 103 state-owned enterprises in the industrial sector will have to count Tk 2,387 crore in operating losses.
The government must take concrete
measures to reduce losses by increasing
production capacity of these mills
Therefore to make these factories and mills more profitable, the government has already taken plans to reduce the number of losses in state owned organizations, and that includes state owned mills too. The government is also planning to bring many factories under privatization and public-private partnership.
We welcome this initiative of the government. It definitely is encouraging news for us as labourers and workers will now get their jobs back, unemployment will decrease, which will ultimately lead to increase in per capita income.
If run properly they can have huge economic potential amid the rising global demand for eco friendly and home grown products. The government must take concrete measures to reduce losses by increasing the production capacity of these mills. Corruption and inefficiencies should not be entertained at all.
