M. A. Sattar - Knowledge

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Dacca on March 12 that they had continued to render their services after liberation as heads of their respective mills until such time as the boards of directors and the posts of managing director were abolished. It was, however, unfortunate that their functions, authority and responsibilities were never defined; nor was their practical experience utilized. Although his Society did not favour denationalization of the jute industry, Mr. Sattar was strongly of the view that jute mills should be run on commercial lines and not as part of a government department. He also suggested the setting up of an advisory council for all the mills previously owned by the Bangalees, in addition to a managing committee for each enterprise with one representative from the financial institutions, two from the entrepreneurs and one from the workers community.

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their original owners. During the hand-over negotiations, buyers attempted to limit their liability to the period before 1972, stating they should not be held responsible for the liabilities built up during 1972–82, when the firms were operated by the government. After prolonged and frequently bitter debate, they were ultimately forced to accept responsibility for all accumulated liabilities and to absorb the existing workforce under terms that prohibited termination, regardless of prevailing economic and market conditions after President Ershad presented the buyers with a "take it or leave it" ultimatum. Faced with this ultimatum, Sattar and the mill owners felt they had no realistic choice but to accept the terms, even though they believed the price demanded was unreasonably high. It was during this time Sattar entered politics.

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enhance access to bank finance at reduced interest rates to encourage investment within the sector. He emphasized the importance of implementing effective measures to combat smuggling activities to safeguard the industry's interests. At the conclusion of his tenure, the PJA acknowledged Sattar for his leadership in negotiating new gradations with Overseas delegates, as well as for his efforts in addressing challenges arising from the devaluation of sterling. His efforts were well received by the broader jute community.

591:, was targeted for elimination during Operation Searchlight. On 27 March 1971, Pakistani soldiers entered his home "Rangpur House Massdair" in Narayanganj and immediately shot and killed his eldest son, Taufique Sattar (তৌফিক সাত্তার), and his friend Jalal Ahmed (জালাল আহমেদ). The soldiers ceased their attack when they saw a coveted civil award of Pakistan that had been given to Sattar for his contributions to the economy of Pakistan, thereby sparing his life along with the rest of his family. 871:

conferences in Rome and forcefully advocated the country's cause in the field of raw jute trade. He also held the positions of Vice-Chairman and Chairman of Pakistan Jute Mills Association. After liberation he organized Bangladeshi jute mill owners, formed an association of them and relentlessly struggled till they got back the mills last year. Owner of Sattar Jute Mill at Narayanganj he was associated with a number of enterprises and social organizations

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Ultimately, after prolonged and frequently bitter debate, the buyers had to accept all liabilities. Several sources (both public and private) told me that the President personally intervened and, in essence, told the buyers, "Take it or leave it!" Mill owners said, "we had no real choice. We had to accept or we'd never get our businesses back." Thus the buyers had to accept a price that they left was unreasonably high

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importantly, for the problems arising out of the devaluation of Sterling. On both these occasions, Mr. Sattar displayed remarkable qualities of leadership and ability to advocate the case of the trade. The results of his efforts in connection with the latter problem have been satisfactorily welcomed by the trade and on my behalf as well as on behalf of my fellow members, I offer heartfelt thanks to Mr. Sattar

1036: 727:, Narayanganj. In the beginning it was established for the children of officials and workers working in the jute mills, but over time the children of local residents also got the opportunity to read in this school. The school has been developed further with a 4-storey modern building and a vast playground by the new landlords. He also established a mosque for prayer near the school. 984: 544:

rival countries like India, Thailand, and Burma to increase their jute production. Pakistani jute production witnessed a decline of 4.76% in the 1963–64 season. Export limitations, minimum prices, and duties imposed further hindered the industry's competitiveness. Smuggling activities resulted in substantial financial losses. The

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Mr. M. Yawer Ali - It is my privilege and pleasure to propose a vote of thanks to our outgoing Chairman, Mr. Sattar. The term of office just completed by Mr. Sattar will be long remembered for two reasons. Firstly for the negotiation concluded with the Overseas Delegates on new gradations, and, more

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During a press conference in Dhaka on 12 March 1974, Mr. M.A. Sattar pointed out that the Bengali entrepreneurs had continued to serve as heads of their mills after liberation until the boards of directors and managing director positions were abolished. However, their roles and responsibilities were

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Compensation worth about Tk 90 million has been demanded on account of the nationalization by the Bangladesh Government of 34 jute mills previously owned by Bangali entrepreneurs. Voicing their grievances, Mr. M. A. Sattar, Bangalees Jute Mills Entrepreneurs Society Ltd., told a Press conference in

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In 1982, the implementation of the New Industrial Policy (NIP) marked a significant milestone in the privatization efforts and brought about notable changes in the industrial policy landscape. As part of these reforms, 27 textile mills and 33 jute mills, including Sattar Jute Mills were returned to

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The Bangladesh Jute Mills Entrepreneurs Society, an association of former mill owners, have been staking their claim, using in evidence depressing statistics that show that annual output per hessian loom fell to 10.8 tons in 1975/76 from 16.4 in 1969/70, while both carpet backing and sacking looms

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To pay off the debts of the jute mills, he had to sell most of his assets throughout the years. In 2005, he sold Sattar Jute Mills, including the full-fledged factory buildings, warehouses, and remaining 55 acres with a riverfront to industrialist Anisur Rahman Sinha, the owner of the Sinha Group.

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from 1988 to 1990. As chief whip, Sattar was responsible for ensuring discipline among members of the ruling party and their attendance in parliamentary sessions. He played a significant part in maintaining the party's discipline and attendance in the parliament, particularly during crucial voting

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To address these challenges, Sattar proposed streamlining the jute licensing procedure by eliminating hindrances like police verification. He advocated for the abolition of the Agricultural Income Tax, which only added to the price of jute without providing any benefit to the growers. He sought to

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During his tenure as chairman of the PJA, the jute industry faced several challenges, including the loss of market monopoly, declining production, export limitations, smuggling, policy reforms, and the devaluation of sterling. Revisions of short-term policies weakened Pakistan's position, allowing

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The process of denationalization of twenty-seven of the country's cotton textile mills and thirty-three of its jute mills, representing about half the country's overall capacity in both sectors, was fraught with difficulty. The former owners were forced during the hand-over negotiations to accept

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in the cabinet of President Ershad. Sattar introduced several measures to enhance the jute industry in Bangladesh, which included modernization of jute mills, promoting jute-based industries, and diversifying jute products. During his term, he focused on developing new markets for jute goods and

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As chairman, Sattar presented arguments highlighting the significant losses and damage caused by nationalization in various sectors of the economy, including jute mills and the cotton textile industry. They provided statistics showing a decline in annual output per hessian loom from 16.4 tons in

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Sattar strongly believed that jute mills should be operated on commercial principles rather than being treated as government departments. He proposed the establishment of an advisory council for all previously Bengali-owned mills, as well as a managing committee for each enterprise. The managing

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The arguments put forward by the chairmen of the Bangladesh Jute Mills Entrepreneurs' Society were Nationalisation has caused enormous loss and damage in most spheres of our economy - whether it is jute mills or the cotton textile industry or any other sector which has to be run on a commercial

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Since it was obvious that the government would not agree to that, the buyers fell back to another position: while they would accept the liabilities existing in 1972, they should not be held responsible for the liabilities built up during 1971-82, when the firms were operated by the government.

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Sattar organized Bengali jute mill owners and formed Bangalees Jute Mills Entrepreneurs Society Ltd (BJMES) to struggle for the return of the nationalized jute and cotton mills to their former Bengali owners. BJMES demanded compensation of around Tk 90 million for the 34 jute mills that were

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After education in Rangpur and Calcutta he entered jute trade in 1948 and later settled in Narayanganj. He was elected first Bangladeshi Chairman of the then Pakistan Jute Association in 1963-64 and re-elected in 1965 and 1967. Mr. Sattar represented Pakistan Jute association at a number of

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M.A. Sattar was involved in social and cultural activities in his local community, and engaged in philanthropic activities. He was a patron of several educational institutions and social organizations in his constituency. In 1967, Sattar was elected as the first Bengali president of

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In 1963–64, he was elected the first Bengali chairman of the then Pakistan Jute Association (PJA), and he was re-elected in 1965 and 1967. Sattar represented PJA at a number of conferences internationally and advocated for the interests of the Pakistan jute industry.

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Over the years, he expanded his business to other industries and founded Hasna Shipbuilding & Navigation Ltd., Rangpur Industries Ltd., Tobacco Industries Ltd, and Sattar Jute Mills. Over 10 thousand workers used to work in Sattar Jute Mills.

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1969/70 to 10.8 tons in 1975/76. Similar decreases were observed in carpet backing and sacking looms. These statistics served to illustrate the adverse effects of nationalization on sectors that are typically operated on commercial grounds.

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and politician. He was the founding chairman and managing director of Sattar & Company Ltd., Sattar Jute Mills Ltd., Hasna Shipbuilding & Navigation Ltd., and Rangpur Industries Ltd. In the 1980s, Sattar held several

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responsibility for prenationalism liabilities relating to the enterprises and for absorbing large numbers of employees on terms that led to resentment on both sides and did less than expected to improve economic performance

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increased the country's jute exports. Sattar worked to improve the production and export of jute. He emphasized expanding the jute industry and increasing the use of jute in various sectors. He then went on to serve as the

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President Ershad has reshuffled the cabinet and made several other political appointments. MA Sattar has been appointed adviser to the president; he will have the rank and status of a cabinet minister.

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and nationalized most industries, which resulted in Sattar losing ownership of his industries, including Sattar Jute Mills. The jute mills were placed under the

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sessions. He worked to enhance the Bangladesh Jatiya Party's influence in parliament and strengthen its alliances with other political parties.

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committee would consist of a representative from financial institutions, two from the entrepreneurs, and one from the workers community.

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During this nationalization period, most industries suffered devastating losses due to rising costs, the devaluation of the

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constituency in parliament, first in 1986 and then again in 1988. During his second term, he held the position of

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introduced additional obstacles due to fluctuating exchange rates, impacting jute exports and industry stability.

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previously owned by Bengali entrepreneurs and were nationalized by the Bangladesh government.

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In 1980, Sattar established a secondary school named Sattar Jute Mills Model High School in

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Sattar founded Sattar & Company Ltd. in 1948 on 262 acres of land on the banks of the

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Sattar, as one of the few Bengali industrialists and due to his close association with

529: 1335: 1294: 1111: 780: 707:, Sattar ran for office once more but did not succeed, receiving 11.7% of the votes. 496: 314: 230: 569:

During this period, Sattar was commonly listed as one of the wealthiest families in

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never recovered and incurred heavy operating losses throughout the coming decades.

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Sattar was made director of Australasia Bank Ltd. and Great Eastern Insurance Co.

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never clearly defined, and their expertise was not effectively utilized.

533: 456: 368: 921:. Vol. 27. India: Indian Central Jute Committee. 1964. p. 222 512: 504: 1093:"Nationalisation of Industries in Bangladesh: Background and Problems" 985:"The jute mills of Rupganj have been closed for a century and a half" 362: 1100:

The Economic Development of Bangladesh within a Socialist Framework

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Privatization In Bangladesh: Economic Transition In A Poor Country

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Sattar was born on 1 March 1925, to Tofazzal Hossain and Hasna, a

1256:"Implementation of Privatization Policy: Lessons from Bangladesh" 1203:. Bangladesh: National Institute of Local Government. p. 102 508: 888:"বহুতল ভবনে বদলে গেছে রূপগঞ্জের ছাত্তার জুট মিলস মডেল হাই স্কুল" 1368:

Quarterly Economic Review of Pakistan, Bangladesh, Afghanistan

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Quarterly Economic Review of Pakistan, Bangladesh, Afghanistan

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He also held the positions of vice-chairman and chairman of

1231:. United Kingdom: Economist Intelligence Unit Limited. 1976 1293:. United States: Cambridge University Press. p. 85. 1063:"আমার জন্মভুমি "সিদ্ধিরগঞ্জ"০৫পর্ব-(মুক্তিযুদ্ধ) ১ম খন্ড" 939: 860:. Foreign Broadcast Information Service. 1984. p. 64 1371:. Economist Intelligence Unit Limited. 1983. p. 20 1171:. Vol. 9. India: M.C. Mukherji. 1974. p. 43 779:. United Kingdom: Scarecrow Press. pp. 222–223. 664:

In 1983, he was appointed as an adviser to President

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Bangladeshi industrialist and politician (1925-2009)

576: 911: 909: 734:M.A Sattar died on 5 June 2009, at the age of 84. 1161: 1159: 1157: 507:). After completing his education in Rangpur and 1509: 1098:. In Robinson, E. A. G.; Griffin, Keith (eds.). 668:with the rank and status of a cabinet minister. 1290:Bangladesh: Politics, Economy and Civil Society 906: 671:From July 1985 to April 1986, he served as the 594: 1154: 1588:Ministers of textiles and jute of Bangladesh 1200:Nationalisation of Industries in Bangladesh 482: 447: 59: 51: 1192: 1190: 1060: 19:For other people with the same name, see 1578:Bangladeshi chairpersons of corporations 1324: 1129: 1127: 857:Near East/South Asia Report, Issue 84116 768: 766: 451:; 1 March 1925 – 5 June 2009), known as 86:15 April 1988 – 6 December 1990 1553:20th-century Bangladeshi businesspeople 881: 879: 815: 813: 518: 138:10 July 1986 – 6 December 1990 1510: 1466:""Parliament Election Result of 1991"" 1187: 1090: 1037:"২৭ মার্চ নারায়ণগঞ্জে প্রথম প্রতিরোধ" 885: 850: 848: 846: 844: 842: 798: 796: 772: 1558:20th-century Pakistani businesspeople 1286: 1253: 1196: 1124: 763: 757:Biographical Encyclopedia of Pakistan 751: 749: 747: 876: 810: 839: 793: 776:Historical dictionary of Bangladesh 649: 603:, the Bangladeshi government added 446: 13: 1430:""List of 4th Parliament Members"" 1394:""List of 3rd Parliament Members"" 1034: 982: 940:Pakistan Jute Association (1967). 804:""Chief Whips of All Parliaments"" 744: 523: 14: 1599: 1523:Jatiya Party (Ershad) politicians 1133: 705:1991 Bangladeshi general election 660:1988 Bangladeshi general election 656:1986 Bangladeshi general election 613:Bangladesh Jute Mills Corporation 398:East Pakistan Awami Muslim League 1061:হোসেন মমি, মনির (29 July 2018). 1008: 710: 577:Bangladesh Liberation war (1971) 455:(এম এ সাত্তার), was a prominent 1490: 1476: 1458: 1422: 1386: 1359: 1318: 1280: 1247: 1219: 1084: 1054: 1028: 1002: 976: 638:, and internal corruption. The 557:Pakistan Jute Mills Association 220:July 1985 – April 1986 190:July 1986 – March 1987 1011:"হারিয়ে যাওয়া ২২ ধনী পরিবার" 962: 933: 680:from July 1986 to March 1987. 678:minister of labor and manpower 479:government from 1988 to 1990. 178:Minister of Labor and Manpower 1: 1197:Yusuf, Fazlul Hassan (1985). 737: 208:Minister of Jute and Textiles 107:T.I.M. Fazlay Rabbi Chowdhury 1439:(in Bengali). Archived from 773:Rahman, Syedur, ed. (1989). 695:for the Jatiya Party in the 595:Post-independence activities 467:positions, was elected as a 7: 1108:10.1007/978-1-349-02363-9_7 687:candidate to represent the 10: 1604: 1533:4th Jatiya Sangsad members 1528:3rd Jatiya Sangsad members 1325:Humphrey, Clare E (1990). 1242:suffered similar decreases 683:He was elected twice as a 653: 609:constitution of Bangladesh 601:Independence of Bangladesh 580: 18: 438: 424: 407: 388: 378: 349: 341: 324: 292: 287: 283: 275: 264: 256: 246: 236: 224: 213: 206: 194: 183: 176: 166: 154: 142: 131: 124: 112: 100: 90: 79: 71: 67: 58: 47: 30: 1518:Jatiya Party politicians 970:""Sattar Jute Mill Ltd"" 821:"নারায়ণগঞ্জ-৪ আসনে চোখ" 483:Early life and education 201:Mizanur Rahman Chowdhury 119:Khandaker Delwar Hossain 74:Chief Whip of Parliament 48: 1091:Sobhan, Rehman (1974). 666:Hussain Muhammad Ershad 546:devaluation of sterling 279:Hussain Muhammad Ershad 259:President of Bangladesh 1263:The Innovation Journal 439:মোহাম্মদ আবদুস সাত্তার 95:Shamsul Huda Chowdhury 1543:20th-century Bengalis 1498:"Anisur Rahman Sinha" 1437:Bangladesh Parliament 1401:Bangladesh Parliament 1287:Lewis, David (2011). 1254:Momen, Nurul (2007). 589:Sheikh Mujibur Rahman 583:Operation Searchlight 431:Mohammad Abdus Sattar 297:Mohammad Abdus Sattar 1548:20th-century Muslims 1472:on 29 December 2008. 1410:on 18 September 2018 1102:. pp. 181–200. 886:আলম প্রিয়, মাহবুব. 519:East Pakistan period 491:family in Durgapur, 469:member of parliament 149:Position established 126:Member of Parliament 1583:Bangladeshi bankers 1563:Bangladeshi Muslims 1134:Islam, Mufakharul. 1140:en.banglapedia.org 697:4th Jatiya Sangsad 530:Shitalakshya River 1117:978-1-349-02365-3 989:The Daily Inqilab 511:, he entered the 497:Bengal Presidency 428: 427: 345:Masdair Graveyard 315:Bengal Presidency 231:Ataur Rahman Khan 1595: 1502: 1501: 1494: 1488: 1487: 1484:""CLUB HISTORY"" 1480: 1474: 1473: 1468:. 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