Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Bangladesh leases three jute mills
Business lease agreement

Bangladesh leases three jute mills

Analysis based on 14 articles · First reported Aug 11, 2026 · Last updated Aug 12, 2026

Sentiment
30
Attention
2
Articles
14
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The reopening of these jute mills is expected to boost Bangladesh's jute industry, increasing production and exports, and creating thousands of jobs. The investment and operational revival may positively impact the involved private groups' revenues and the national economy, though the overall market impact is moderate given the sector's size.

Jute Textiles
Event Summary

On August 11, 2026, the Bangladesh government, through the Bangladesh — Bangladesh Jute Mills Corporation (BJMC), signed lease agreements with PRAN-RFL Group and HAMCO Group to reopen three long-closed state-owned jute mills: National Jute Mills Limited, Star Jute Mills Limited, and Platinum Jubilee Jute Mills. The agreements, signed in the presence of Prime Minister Tarique Rahman, involve an investment of approximately Tk 619 crore and are expected to create at least 11,629 jobs and generate a combined annual turnover of about Tk 1,175 crore. PRAN-RFL Group will lease National Jute Mills and Star Jute Mills, while HAMCO Group will lease Platinum Jubilee Jute Mills. This is part of a broader government initiative to reopen 20 of the 25 closed BJMC mills under private management; leases for 14 mills have been completed, with production already resumed at nine.

Key Actions
100 Bangladesh — Bangladesh Jute Mills Corporation signed lease agreements PRAN-RFL Group
90 Bangladesh — Bangladesh Jute Mills Corporation signed lease agreements HAMCO Group
90 Bangladesh signed lease agreements PRAN-RFL Group
85 PRAN-RFL Group leased jute mills Bangladesh — Bangladesh Jute Mills Corporation
80 PRAN-RFL Group leased National Jute Mills National Jute Mills Limited
80 PRAN-RFL Group leased Star Jute Mills Star Jute Mills Limited
80 HAMCO Group leased Platinum Jubilee Jute Mills Platinum Jubilee Jute Mills
80 Bangladesh signed lease agreements HAMCO Group
80 HAMCO Group leased jute mill Bangladesh — Bangladesh Jute Mills Corporation
Entities Involved
govactor
Bangladesh — Bangladesh Jute Mills Corporation
As the state-owned corporation, BJMC signed the lease agreements and is central to the privatization initiative, transferring management of three mills to private operators.
Importance 100.0 Sentiment 40.0
priv
PRAN-RFL Group
PRAN-RFL Group secured leases for two mills, expanding its industrial footprint and expecting significant investment returns and job creation.
Importance 90.0 Sentiment 60.0
cnt
Bangladesh
The government's initiative to revive state-owned jute mills is expected to boost employment, industrial output, and the national economy.
Importance 90.0 Sentiment 40.0
priv
National Jute Mills Limited
One of the three mills being reopened, expected to receive Tk 157 crore investment, create 5,238 jobs, and generate Tk 500 crore annual turnover.
Importance 85.0 Sentiment 50.0
priv
Star Jute Mills Limited
One of the three mills being reopened, expected to receive Tk 250 crore investment, create 5,238 jobs, and generate Tk 500 crore annual turnover.
Importance 85.0 Sentiment 50.0
priv
HAMCO Group
HAMCO Group leased one mill, gaining operational control and investment opportunities in the jute sector.
Importance 80.0 Sentiment 55.0
priv
Platinum Jubilee Jute Mills
One of the three mills being reopened, expected to receive Tk 212 crore investment, create at least 1,153 jobs, and generate Tk 175 crore annual turnover.
Importance 80.0 Sentiment 45.0
per
Tarique Rahman
As Prime Minister, Tarique Rahman presided over the signing ceremony, lending political support to the privatization initiative.
Importance 70.0 Sentiment 35.0
per
Md Kabir Uddin Sikder
As BJMC Chairman, he signed the agreements on behalf of the corporation, playing a key administrative role.
Importance 60.0 Sentiment 30.0
per
Khandaker Abdul Muktadir
As Commerce, Industries and Textiles and Jute Minister, he attended the ceremony, supporting the initiative.
Importance 50.0 Sentiment 30.0
per
Mizanur Rahman Sinha
As PRAN-RFL Group Company Secretary, he signed the agreements on behalf of the group.
Importance 40.0 Sentiment 25.0
per
A. T. M. Mostafa
As HAMCO Group Managing Director, he signed the agreements on behalf of the group.
Importance 40.0 Sentiment 25.0
per
Md Shariful Alam
As State Minister for Textiles and Jute, he attended the ceremony, supporting the initiative.
Importance 40.0 Sentiment 25.0
per
Sharf Uddin Ahmed Choudhury
As Textiles and Jute Secretary, he attended the ceremony, supporting the initiative.
Importance 40.0 Sentiment 25.0
curr
Bangladesh — Bangladeshi taka
The investment and turnover figures are denominated in Bangladesh — Bangladeshi taka, reflecting the currency's role in the transaction.
Importance 30.0 Sentiment 20.0
Relationships
PRAN-RFL Group related ↔ Bangladesh
PRAN-RFL Group related ↔ Tarique Rahman
PRAN-RFL Group related ↔ Khandaker Abdul Muktadir
Bangladesh related ↔ Tarique Rahman
Bangladesh related ↔ Khandaker Abdul Muktadir
Tarique Rahman related ↔ Khandaker Abdul Muktadir
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