Home / Knowledge / News / Textiles / Four BTMC mills to undergo restructuring
Four BTMC mills to undergo restructuring
23
Jul '10
By the end of the current month, four mills under the state-owned Bangladesh Textile Mills Corporation (BTMC) will recommence production on 'job work basis', which is likely to offer livelihood to around 10,000 people.

Sundarban Textile Mills in Satkhira (main unit and Nilkamol unit), Amin Textile Mills in Chittagong, Darwani Textile Mills in Syedpur and Kurigram Textile Mills are the four mills that will undergo the recommencement process, informed BTMC sources.

Evaluation process for floating tenders for mills has already come to an end. BTMC sources further added that, there are about 24 units of 20 mills. Of these, three are currently operational.

Approximately 6,000 people are working in these three mills, out of which Bhalika Woolen Mills in Chittagong operates on rental basis and the other two, Rajshahi Textile Mills and Bengal Textile Mills, operates on service charge basis. Operations of the other mills can also be re-started if private entrepreneurs take initiatives on job charge basis, said a BTMC official.

Establishment of mills in private sector, after 1990s, with modern technologies placed the BTMC mills under unfair competition. The corporation can meet with the demands of local as well as export-oriented RMG sector, efficiently, if the current issues can be tackled. This will help generate employment for around 25,000 people.

Frequent losses have resulted in dearth of working capital for the BTMC mills, due to which BTMC mills' production has come to a halt. With a view to overcome the situation, BTMC mills restarted their production in the year 1997, through service charge system.

The production of yarn in BTMC mills tumbled down to 0.60 million kg in 2009-10 from 14.82 million kg in 2000-01 fiscal, as revealed in the Jute and Textile Ministry reports.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 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

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

Yes No

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

Yes No

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


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



X