State-owned sugar mills: Closed to cut costs but continue to incur loss
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Loading... - Lakshmi Gupta
- 03 Nov 2022
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Six loss-making sugar mills owned by the state were shuttered in 2020 so that they may undergo modernisation and eventually become commercially viable once again.
However, they remain abandoned while huge costs are piling up to maintain the machinery, vehicles and infrastructure present.
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Besides, large sums are being paid for utility bills and other expenses, indicating that these mills are still wasting a lot of public funds.
Following a government order on December 2, 2020, the Bangladesh Sugar and Food Industries Corporation (BSFIC) informed that production at six mills -- Pabna Sugar, Shyampur Sugar, Panchagar Sugar, Setabganj Sugar, Rangpur Sugar and Kushtia Sugar -- would be halted until further notice
During a recent visit to Pabna Sugar Mill, this correspondent found that weeds and other forms of plant life are slowly reclaiming the facility, turning it into more of a jungle than a production unit.
In addition, the total lack of upkeep has brought its machinery, vehicles and infrastructure to the brink of destruction. Read More...
