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Md Nasimul Islam, general manager of the BJMC, said Jute Alliance Ltd, a concern of Bay Group, paid Tk 9.60 crore in advance rents and Unitex Group paid Tk 5.28 crore for 24 months. The bills and other expenditures would be borne by the investors as well.

The BJMC will act as a monitoring body to oversee whether investors comply with the terms and conditions. The investors can upgrade the machinery after taking consent from the corporation, he said.

Mohammad Arif, chief financial officer of Unitex Group, says it looks to start commercial operation within a month and has already appointed the necessary workforce.

Unitex will produce jute products for local and international markets at the mills.