Bangladesh Textile Mills Corporation

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]

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 Mahbub Ahmed Zakaria,
Websitewww.btmc.gov.bd

History

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.[11][3]

References
  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. "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". en.banglapedia.org. 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.
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