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

Pic: Shutterstock

Textiles | On 6th May 2021

China indefinitely suspends economic dialogue with Australia

The National Development and Reform Commission (NDRC) of China has...

Pic: Shutterstock

Retail | On 6th May 2021

Ireland announces new €5 million COVID-19 Online Retail Scheme

Ireland has launched a new round of the COVID-19 Online Retail Scheme ...

Pic: Shutterstock

Textiles | On 6th May 2021

Cotlook A index expected to drop by 6.18% by June: TexPro

The Cotlook A index is expected to decline by 6.18 per cent in June...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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

Leave your Comments


April 2021

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


Advanced Search