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crore, which means the yearly loss was only 236.63 crore, they said.

“But who will answer for the amount of subsidy given every year in other sectors including air, rail and electricity. For this reason, all those institutions will be closed? In all these cases, the amount of money being wasted is much less than the amount of loss in 50 years in the jute industry,” the party leaders said.

In the proposal, they said the potential of this industry should be utilised by removing the old and outdated machines at jute mills and installing modern, sustainable technology at a cost of Tk 1,200 crore instead of the so-called golden handshake of Tk 5,000 crore which comes at the cost of closing down the jute mills.