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.
History
The corporation was established on 26 March 1972 through the nationalization of textile mills in Bangladesh.[3][4] It owns Eagle Textile in Chittagong.[5] The Ministry for Textiles and Jute is responsible for running the corporation.[6] The corporation has the largest liability of any state owned enterprise in Bangladesh with 76.54 billion taka in loans.[7] Nearly 99% of its loans are in default.[8] Rangamati Textile Mill is also owned by the corporation.[9] It used to manage 86 government owned textile mills which has been reduced to the 18 today.[10][11]
List of nationalised textile mills
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 Company
- 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
- Former athlete Firoza recalls old days Prothom Alo, retrieved 14 October 2016^
- Bangladesh Textile Mills Corporation: Private Company Information bloomberg.com, retrieved 14 October 2016^
- Public Sector Enterprise Banglapedia, retrieved 14 October 2016^
- bangladesh textile mills corporation btmc.gov.bd, retrieved 14 October 2016^
- Silk Board for raising duty on imported item The Financial Express, retrieved 14 October 2016^
- Divested jute, textile mills flouting conditions The Financial Express, retrieved 14 October 2016^
- Hafez Ahmed. SoEs classified loans to 4 banks down to Tk 2.9b The Financial Express, retrieved 14 October 2016^
- Losses pile up at state entities The Daily Star, 13 June 2010, retrieved 14 October 2016^
- No move yet to reopen Rangamati Textile Mill The Daily Star, 5 February 2009, retrieved 14 October 2016^
- BTMC moves to reopen six mills with Chinese help The Financial Express, retrieved 14 October 2016^
- Feeding RMG exports theworldfolio.com, The Worldfolio, retrieved 14 October 2016^
- Industrial enterprises placed under Bangladesh Cotton Mills Corporation^