Home / Knowledge / News / Textiles / Bangladesh govt gives green signal for textile village
Bangladesh govt gives green signal for textile village
16
May '12
The Government of Bangladesh has decided to establish a “textile village” on land of a defunct cotton mill.

The decision to set up the textile village on 33 acres land of state-owned Chittaranjan Cotton Mills Ltd, which had ceased operations more than 15 years ago, was taken by Cabinet Committee on Economic Affairs.

The new structure to take form at the site of closed mill at Godnail in Narayanganj is proposed to be named as Chittaranjan Textile Palli.

In its proposal, the Textile and Jute Ministry noted that it has been planned to develop 22 industrial plots on the site, 11 of which would comprise spinning, knitting and readymade garment units.

Another 10 plots adjacent to the river Shitalakkha would house dyeing and finishing units, while one plot would be reserved for commercial purposes.

As per the Ministry’s preliminary estimates, the plots are likely to fetch a price of around Tk 1.59 billion. However, more revenue could be earned if the industrial plots are sold through competitive bidding, the proposal said.

It said that there are meagre chances of securing a financially viable deal if the entire 33 acres of land is sold to one single entrepreneur.

However, if it is fragmented into small plots, it would not only generate higher employment, but would also enhance its ecological sustainability, as it can facilitate installation of a central effluent treatment plant and a separate power plant for the village, the proposal said.

Post nationalization in 1972, Chittaranjan Cotton Mills functioned under Bangladesh Textile Mills Corporation (BTMC). But owing to heavy losses, the mill was closed down in 1997.
 

Fibre2fashion News Desk - India


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search