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Bangladesh Textile Mills Corporation

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Bangladesh Textile Mills Corporation
AbbreviationBTMC
Formation1972
TypeGovernment
HeadquartersDhaka, Bangladesh
Location
  • BTMC Bhaban 7-9, Kawran Bazar, Dhaka-1215
Region served
Bangladesh
Official language
Bengali
Chairman
Brigadier General Md Ziaul Haque
Websitewww.btmc.gov.bd

Bangladesh Textile Mills Corporation, or BTMC,[1] is a public corporation that owns and manages all government textile mills in Bangladesh and is located in Dhaka.[2] It manages 18 government owned textile factories.[3]

History

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The corporation was established on 26 March 1972 through the nationalization of textile mills in Bangladesh.[4][5] It owns Eagle Textile in Chittagong.[6] The Ministry for Textiles and Jute is responsible for running the corporation.[7] The corporation has the largest liability of any state owned enterprise in Bangladesh with 76.54 billion taka in loans.[8] Nearly 99% of its loans are in default.[9] Rangamati Textile Mill is also owned by the corporation.[10] It used to manage 86 government owned textile mills which has been reduced to the 18 today.[3][11]

List of nationalised textile mills

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About 73 textile mills were nationalised following the independence of Bangladesh and later they became subsidiaries of the Bangladesh Textile Mills Corporation.[12] The list is given below:

  • Adarsha Cotton Spinning and Weaving Mills
  • Ahmed Bawany Textile Mills
  • Ahmed Silk Mills
  • Al-Haj Textile Mills
  • Amin Textile Limited
  • Ashraf Textile Mills
  • Asiatic Cotton Mills
  • Bengal Textile Mills
  • Bogra Cotton Spinning
  • Calico Cotton Mills
  • Chand Textile Mills
  • Chisty Textile Mills
  • Chittagong Textile Mills
  • Chittaranjan Cotton Mills
  • Cotton Textile Crafts
  • Dacca Cotton Mills
  • Dacca Dyeing and Manufacturing Co.
  • Dhakeswari Cotton Mills
  • Dost Textile Mills
  • Eagle Star Textile Mills
  • Elahi Cotton Mills
  • E. P. Textile Mills
  • Fine Cotton Mills
  • Gawsia Cotton Spinning Mills
  • Goalundo Textile Mills
  • Habibur Rahman Textile Mills
  • Halima Textile Limited
  • Ibrahim Cotton Mills
  • Jaba Textile Mills
  • Jalil Textile Mills
  • Jess Blanket Manufacturing Co.
  • Karim Silk Mills
  • Khulna Textile Mills
  • Kohinoor Spinning Mills
  • Kokil Textile Mills
  • Kushtia Textile Mills
  • Luxmi Narayan Cotton Mills
  • Mainamati Textile Mills
  • Meghna Textile Mills
  • Metex Cotton
  • Mohini Mills
  • Monnoo Textile Mills
  • Moula Textile Mills
  • Muslin Cotton Mills
  • National Cotton Mills
  • N. H. Textile Mills
  • Olympia Textile Mills
  • Orient Textile Mills
  • Pahartali Textile and Hosiery Mills
  • Paruma Textile Mills
  • Pylon Industries
  • Quaderia Textile Mills
  • Quasem Cotton Mills
  • Rahman Textile Mills
  • Raz Textile Mills
  • R. R. Textile Mills
  • Rupali Noor Textile Mill
  • Rupali Nylon
  • Satrang Textile Mills
  • Serajganj Spinning and Cotton Mills
  • Sharmin Textile Mills
  • Tamizuddin Textile Mills
  • Tangail Cotton Mills
  • Zeenat Taxtile Mills
  • Afsar Cotton Mills
  • Bangladesh Textile Mills
  • Dhakeswari Cotton Mills
  • Eastern Textile Mills
  • Mohammadi Calendering & Printing Mills
  • Nylon Industries
  • Valika Woolen Mills Co. (Chittagong) Limited
  • Alauddin and Taiera Textile Mills
  • Zaritex Limited
  • Zofine Fabrics

References

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  1. ^ "Former athlete Firoza recalls old days". Prothom Alo. Archived from the original on 19 October 2016. Retrieved 14 October 2016.
  2. ^ "Bangladesh Textile Mills Corporation: Private Company Information". bloomberg.com. Retrieved 14 October 2016.
  3. ^ a b "BTMC moves to reopen six mills with Chinese help". The Financial Express. Dhaka. Archived from the original on 18 October 2016. Retrieved 14 October 2016.
  4. ^ "Public Sector Enterprise". Banglapedia. Retrieved 14 October 2016.
  5. ^ "bangladesh textile mills corporation". btmc.gov.bd. Retrieved 14 October 2016.
  6. ^ "Silk Board for raising duty on imported item". The Financial Express. Dhaka. Retrieved 14 October 2016.
  7. ^ "Divested jute, textile mills flouting conditions". The Financial Express. Dhaka. Retrieved 14 October 2016.
  8. ^ Ahmed, Hafez. "SoEs classified loans to 4 banks down to Tk 2.9b". The Financial Express. Dhaka. Archived from the original on 18 October 2016. Retrieved 14 October 2016.
  9. ^ "Losses pile up at state entities". The Daily Star. 13 June 2010. Retrieved 14 October 2016.
  10. ^ "No move yet to reopen Rangamati Textile Mill". The Daily Star. 5 February 2009. Retrieved 14 October 2016.
  11. ^ "Feeding RMG exports". theworldfolio.com. The Worldfolio. Retrieved 14 October 2016.
  12. ^ "Industrial enterprises placed under Bangladesh Cotton Mills Corporation" (PDF).