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

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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