In 2003, when the future of jute in Bangladesh was still in doubt, Gemcon established a factory in a remote, economically-depressed region in the north. Gem Jute’s mission was to supply quality jute products to markets across the world, while providing employment in the local areas. Today Gem Jute is the largest factory in the region, employing over 3000 people and providing much needed economic stimuli to that region. Gem Jute’s success has demonstrated that socially-responsible jute is a viable investment with strong international markets.
Creating a new Jute mill at Panchagarh has been a big challenge for Gemcon Group, so as to revitalize the declining industry. The objectives here were to develop the socio-economic condition of the local people by creating employment opportunities, defend the environment, protect traditional agro industries and earn foreign exchange for the country through a profit-making venture.