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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

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