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BTMC to reopen six mills

Sep 07, 2016
BTMC to reopen six mills

The Bangladesh Textile Mills Corporation (BTMC) is looking at reopening six closed textile mills with Chinese help. The six textile mills owning a total of 153 acres of land are: Ahmed Bawani Textile Mills in Demra, Quaderia Textile Mills in Gazipur, Dinajpur Textiles Mills in Dinajpur, Dost Textiles Mills in Feni, Tangail Cotton Mills in Tangail and RR Textile Mills in Chittagong.

As a part of the move, the Ministry of Textile and Jute has sent a proposal to the Planning Commission (PC) seeking the latter’s approval to go for joint venture with a Chinese company. After getting the PC’s approval, steps regarding re-opening of the BTMC mills would be taken under a government-to-government arrangement between Bangladesh and China.

The move came in line with the Government’s decision not to sell any mill and revive the state-owned textile mills. A proposal has been sent to the Planning Ministry which is considering the move. The use of outdated machinery is one of the major problems that the state-owned textile mills have been facing.