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Bangladesh’s jute mills leased to private operators

September 1st, 2008

Substantial losses in government-owned Bangladeshi jute mills led to shut-downs of eight facilities in 2007. This year, the government leased five mills to private operators, on condition that lease holders share profits, bear liabilities during the lease tenure and pay a lease fee. In turn, the government will clear previous debt loads. At a July […]

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