The Bangladesh government has decided to restart 13 textiles mills that were shutdown 25 years ago due to huge losses and run them under a public-private partnership (PP) initiative, according to an official of the Ministry of Textiles and Jute.
Browsing: Bangladesh Textile Mills Corporation
The Bangladesh government has taken eight jute and textile mills back from the private sector as they violated major conditions that were set when the State-owned mills were handed over. For a long time, the authorities had kept these enterprises closed after taking them over from the government, according to the jute and textile ministry of the country.
The Bangladesh Textile Mills Corporation (BTMC) is looking at reopening six closed textile mills with Chinese help.