Birds Jute and Export Limited (BJEL) is a wholly owned subsidiary of the National Jute Manufactures Corporation Limited,

Ministry of Textiles The Ministry of Textiles is an Indian government national agency responsible for the formulation of policy, planning, development, export promotion and regulation of the textile industry in India. This includes all natural, artificial, and ce ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. It is headquartered in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fou ...

. It manufactures jute, cotton,

viscose Rayon is a semi-synthetic fiber, made from natural sources of regenerated cellulose, such as wood and related agricultural products. It has the same molecular structure as cellulose. It is also called viscose. Many types and grades of viscose ...

and blended fabric decoratives. BJEL has experienced

net loss Under U.S. Federal income tax law, a net operating loss (NOL) occurs when certain tax-deductible expenses exceed taxable revenues for a taxable year. If a taxpayer is taxed during profitable periods without receiving any tax relief (e.g., a refund ...

es over the past fiscal years and has been virtually inoperable since 2002. The company is in the process of

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

and experienced a net loss of in fiscal 2006.Financial Statements
. Department of Public Enterprise.

History

Established on June 30, 1904, as the Lansdowne Jute Company Limited, Birds Jute & Exports Ltd. (BJEL) was formed to take over the jute goods manufacturing business from the Arathoon Jute Mills Limited at its Dakhindari mill. It was renamed as Birds Jute & Exports Ltd. on December 15, 1971.

Closure

On 10 October 2018, the

Union Cabinet The Union Council of Ministers Article 58 of the ''Constitution of India'' is the principal executive organ of the Government of India, which is responsible for being the senior decision making body of the executive branch. It is chaired by t ...

convened in a meeting presided over by Prime Minister

Narendra Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament fro ...

. During this meeting, a decision was made to initiate the closure of the financially struggling National Jute Manufactures Corporation Limited (NJMC), including its subsidiary, Birds Jute and Exporters Ltd. (BJEL). NJMC had been grappling with persistent financial losses for a considerable period and had been under the purview of the

Board for Industrial and Financial Reconstruction The Board for Industrial and Financial Reconstruction (BIFR) was a development finance institution under the ownership of Ministry of Finance, Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up i ...

(BIFR) since 1993. Notably, the Mills associated with NJMC's operations, specifically the Kinnison Mill located in

Titagarh Titagarh is a city and a municipality of North 24 Parganas district in the Indian state of West Bengal. It is close to Kolkata and also a part of the area covered by Kolkata Metropolitan Development Authority (KMDA). Geography Location Tita ...

, the Khardah Mill situated in Khardah, and the RBHM Mill situated in Katihar, had been placed under suspension since August 2016.

References

External links

Official website
Government-owned companies of India Companies based in Kolkata Textile companies of India Ministry of Textiles Jute industry of India Companies with year of establishment missing {{india-company-stub